RE:RE:RE:RE:A bit of a silver lining.
Senior1. I too will wait for higher bid. I will probably vote no if a competitive bid does not occur. At the moment, it appears that the market is anticipating Motorola’s present bid to prevail.
Although an offer from a Chinese firm is possible, such a bid is problematic. AVO has positioned itself with cameras and software designed and produced in North America. Any Chinese takeover would trigger a national security review, probably both in Canada and the US. Look at the current review of the Aecon takeover offer by a Chinese firm!
If a Chinese firm did take over, it is likely that AVO products would be lose some of their appeal as trusted security solutions. Knowing (1) that a Chinese-owned Avigilon would be less attractive in the market and (2) that a security review is likely, any Chinese firm is going to be wary about making an offer. I hope they do, because that will help reveal true value. We should recognize, however, that an offer from some other source has more likelihood of going through.
Two things now appear clear. Avigilon will be sold for at least $27 and Fernandes will be moving on to some new venture. With the announcement of AF’s departure, I think that sends a clear message that AVO is in play. May the highest bidder win!