Corby Spirit and Wine Ltd T.CSW.A

2021 - Buyout by Perond - Reasons Why

[schocor]

I am pretty new holder of CSW.B quite happy with the dividend and of course I like the price appreciation from where I bought. I think Corby is going to be taken over by Perond in 2021. Corby did a number of behind the scenes transactions last year that led me to believe this will happen sooner rather than later. Here is my work: - They did a transaction to clean up the employees pension this defined benefit plan is now covered by an insurance company (sunlife) not Corby (2020 transaction) - They re-organized their Organization structure Hiram Walker employees were formally Corby employees - now I believe they are Perond employees (2020 transaction) - Sales force at Corby is all Perond employees (not new) - Sales are through the roof at Corby, their have revitalized their major brand (Wisers) and Perond can borrow money at 0% to finance buying us out - The differential between the A (voting)and B (non voting) stock has been narrowing I agree this is not the most solid point I may prove wrong, but the pension and org structure changes are something I would want completed before I ever took over a company. So what is a good price per share for Corby? 20? 22?

[CaptainBigDaddy]

I also agree with you - and another thing as well. When Corby renewed its 5 year marketing agreement with Perond - I think it was in September 2020 - Corby paid Perond an upfront fee of over $50 million cash from its own accounts.Maybe it was worth doing so, maybe not...not sure of the terms of the future long term marketing agreement. But Perond can use this $50 milliion upfront fee - taken from