Itc Holdings Corp. (ITC) Quote

No worries...our basis is $17.42.

Thanks for viewpoint.

A sale of ITC Holdings in the range of $39-$47 per share is likely in the best interests of shareholders and is a very likely outcome of the Board's current strategic review.

Based on the attractive characteristics and prospects of ITC Holding, we believe there will be active and competitive bidding by large strategic players in the regulated power industry and the results will be a final transaction price in the $44-$47 per share range.

As such, we expect the power and utility industry consolidation will show no signs of slowing in 2016.

And importantly, in contrast to several of the current prolonged transactions, we believe a proposed acquisition involving ITC Holdings will navigate the complex regulatory process successfully and in a more appropriate timeframe.

I have heard but still waiting to see what kind of substance we have available to support it. Well positioned though I would agree.

Here is one source:

http://www.bloomberg.com/gadfly/articles/2015-12-01/itc-holdings-chooses-to-enter-fray-of-utilites-merger-wave

Excerpt:

"ITC Holdings, an independent power-transmission company operating in the U.S. Midwest, confirmed late Monday that its board has begun reviewing strategic alternatives which "may result in the company’s possible sale or pursuit of other initiatives to maximize value for shareholders."The news followed a Bloomberg News report that the $5.8 billion company was exploring sale options, with companies including the UK's National Grid and Spain's Iberdrola considering bids. Warren Buffett's Berkshire Hathaway is another company exploring an offer for the utility, the Financial Times reported on Tuesday. ......"

On a real time screen I have, I was seeing a scroll most of the afternoon that Berkshire was considering an offer for ITC. Anyone else see/hear that?

ITC Holdings (NYSE:ITC): Q2 EPS of $0.52 in-line.

Revenue of $275.1M (+4.5% Y/Y) misses by $7.71M.

~ Tuesday! $ITC ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $ITC ~ Earnings expected on Tuesday *
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