Brookfield Infrastructure announces $750,034,900 equity offering – BAM to Buy $250M worth shares at $42.50

BIP was close to fair value after a long time so I was wondering if this will happen for last few days. BEP also is properly valued if they want to issue more shares.

Out of $750M being raised at $42.50 BAM is buying $250M worth so they will keep their 30% ownership interest. Stock may drop from $44 to $42.50 but they must be planning more acquisitions to be doing this. The Recent US Railroad acquisition (GWR) for $8.4B including debt which BIP was only funding $500M Equity, so most like more acquisitions might be announced in next few months. 

Reliance Telecom Tower deal in India could be one.

https://bip.brookfield.com/press-releases/2019/07-11-2019