Crius Energy Trust Tr Unit CRIUF

Potential for competing bids

[HermannHaller]

Canaccord has a research report out today on the potential for competing bids. They estimate another bid could come at $8.73 (based on 4x EBITDA).

[HermannHaller]

National Bank, in a similar research note, says NRG is a better fit with KWH. NRG has also been making acquisitions in the past year. NRG, like Vistra, is a US company with a market cap of around $12 billion. Both of these companies could easily swallow KWH, and both could afford to pay more.

[SirHumpsAlot]

The potential for competing bids is stong IMO. Yet, I took the opportunity yesterday to sell half my position. I have been holding shares for many years and started buying around 3.50 to 4 bucks so I am happy with my return, The other half will wait it out to the bitter end in case there is a competing offer. I would be content with $8.5 - $9 per share. 

[sotypical]

This post has been removed in accordance with Community Policy

[campst]

You don't have to hope for it to go through.  Most of it is available on the open market now.

[Sunnyboy]

If you read the news release you can see that they anticipate the possibility of competing bids and the agreement gives Vistra the right to match them: “The definitive agreement includes customary deal protections, including non-solicitation covenants, the right of Vistra to match any competing proposals ”

[Sunnyboy]

I would say the many people who bought shares yesterday around $7.50 are most likely anticipating/hoping for a competing bid? I don’t think they do it for just a return of about 3.5% for when the deal closes in maybe  2.5 months to possibly almost 5 months? ( Closing date sometime in Q2 ) Now on the other hand it is a nice opportunity to park some of your capital till after we know more

[campst]

Yes, however that is different than going out and seeking bids, which Chrius (or any company for that matter) should do in the first place.

[Olderguy]

Please post the Canacord report.

[campst]

What is needed is a dissatisfied shareholder(s) to push the cause with yhe company. I was interested in an RFID company that accepted a takeover offer that was significantly low.(can't recall recall yhe name, but i believe the symbol was SI) A group of dissident shareholders went to the companies competitors, one of which put in a bid for the company. In the end, the original suitor was forced

[sotypical]

This post has been removed in accordance with Community Policy

[campst]

So did the insiders of the RFID company in my example.  Would you take $8.75?

[HermannHaller]

Nice work Canaccord! Canaccord has a research report out today on the potential for competing bids. They estimate another bid could come at $8.73 (based on 4x EBITDA).

[ontheroadagain9]

Well the new price is already 8.80CAD....surely your not talking USD. Cannacord is Canadian, I cant see them quoting in USD.