OTCPK:HBAYF - Post by User
Post by
99Reasonson Dec 12, 2019 10:37am
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Post# 30447553
This drives me crazy
This drives me crazyThat HBC keeps saying that the offer is at a 62% premium to the last trading price before the offer on June 10, which was made before the market opened. However, also before the bell, the $1.5 billon sale of the European assets was announced. How high would the share price have gone that day anyway if there was no offer, given that HBC was going to pull in $1.5 billion dollars, or the equivalent of $8.00 a share, more than the share price at the time. That is exactly what is alleged in the lawsuit. By making the offer on the same day, the rise was capped. It’s unbelievable really.