GREY:GLNIF - Post by User
Post by
ascii2on Nov 28, 2014 9:54am
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Post# 23173371
Bell to acquire Glentel for $26.50 per share 108% premium!!!
Bell to acquire Glentel for $26.50 per share 108% premium!!!
https://www.stockhouse.com/news/press-releases/2014/11/28/bell-to-acquire-its-mobile-phone-distributor-glentel
I think Roger is likely to bid higher. Earlier Rogers bought Cantel stores from Glentel/TCG and now Bell bought it. Rogers bid may push price to $35 per share to secure access to north american destribution prime locations, trained staff, well oiled smooth running profitable Glentel system for past 28 quarters. Earlier Rogers acquired all locations for residuals from each call made that exceeded purchase price during 5 year period in 80's. Thanks to Skidmore family for taking GLN from 10 million dollars to $670 million today and dolling out dividends on the way. Now there won't be any dividend and if Rogers bid it will be a record success story in canadian history.
GLTA LONGS