Tentative Chorus Bidding CalendarNovember 3 - US Presidential Election
It is unlikely that any serious economic decision can be taken ahead of clear results in the presidential election. This said, some uncertainty will remain after election day.
November 9 - Air Canada Third Quarter Financial Results
Likely not positive. But all eyes will be on AC vulnerability. Can AC counterbid a not so generous offer for Chorus? Of course an all-share counterbid would remain possible, but what would then be the actual value and future prospects of the AC shares? All strategic information potential bidders might want to wait for.
November 11 - Chorus Third Quarter Financial Results
Big time key information, especially for potential counter-bidders (the current bidder might already have some of this information in confidence). I would expect this disclosure to be particularily detailed in order to provide a leveled playing field to all potential bidders. And the subsequent conference call will be something to listen to. Chorus will be hard-pressed to release details about the bid it received and its assessment. So much that it might prefer to make public a decision on the bid before the call.
November - Eventual federal update on measures to help airlines
Still a possibility according to the media. Most certainly positive to Chorus. Of interest to any bidder, but a bid has likely more chances to succeed ahead of the good news. So might not be worth waiting for. The current bidder did not.
November - Further updates on Covid vaccines
We may have to wait several months before an effective vaccine gets approved, but everyone is growing more hopeful every day. Early bids will benefit from the lesser optimism.
Just kicking ideas around. So do your own dd, as they say.