Post by
materialsgirl on Apr 19, 2015 3:29pm
Ross Beatty ownership
He has generously gifted a lot of shares and still owns approx 28% of all outstanding shares in his own account.
Most likely that proportion of share ownership combined with his formal and personal influence would be enough to block a takeover. At some point he also has a moral duty to represent all shareholders. I do not know if there are legal implications
In the event that we were offered 60¢ a share the offer would be laughable of course
In the unlikely event that we were offered C$1.20 for example then RB would certainly have to mull it over. Should that happen, I would be gone in a flash during his first 10 seconds of mulling but this scenario is hypothetical.
One dymamic is clearly in play. Big companies fared better than the small AXY when we look back. But by 2016 AXY will be rapidly moving up the size scale and with a few more greenfield locations on top of one or two acquisitions of small operators we will have AXY moving up the heft scale so that borrowing costs and other expenses could be competitive with big folks even the likes of Enbridge. Sorry about such a long sentence. A share price should martch the new found scale. Then a takeover of us would never happen. When we are fully priced, nobody will want to pay full price plus a 30% premium.
A merger with some company with the Capstone Infrastructure scale in theory could have instant positive response. They too, CSE, has had 10 years of struggles and lousy results for shareholders.
mat