Post by
teevee on Mar 31, 2015 4:41pm
information circular out today....
I see the RTK management get huge cash pay offs if this deal is approved. Too bad this deal doesn't fall under the new guidelines allowing for 120 days, not 35 days, for a deal to close. This would allow for either management to seek a better offer, or for higher bids to come in.....this is a travesty that RTK is going for about 50% of NAV and exchanged for paper at about 2 x NAV.....how much were the Bay Street 'ho's paid to provide the fairness opinion?
https://www.theglobeandmail.com/report-on-business/regulators-unveil-new-rules-for-takeover-bids/article23708641/