RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I Think Managment Should Accept A Take-Over Offer of $50+BULLBEAR....they won't walk away as they would have already if they didn't wantCXR. They will told to walk if their offer is not accepted. At which point the offer that was rejected will be announced by the company. Let's say for the sake of argument that their rejected offer was $50CAD , then I believe that the market will take this as a positive . Since this rejection would have been approved by all the big stakeholders , and they would be signalling that CXR has a bright future to exceed this offer in the medium term.... I think that the rejected offer will put a floor on the share price in the short to medium term.
quote=bull_man]craigbad, i agree with you as to the "if they walk away, will cast doubts on what they found in the data room".....however, they haven't walked away yet (and apollo was most probably the highest bidder with the best package), which leads me to think that there remains conditions of some kind, either waiting for the CXR board review & approval, or waiting on the brexit vote (the recent polling is showing a 45% stay, 43% leave, and everyone knows that on voting day, the less riskiest side wins); i think we can pretty much throw out everyone's US$55.00 buyout, however a low $50's canadian makes sense on the fundamental side of things; if that doesn't happen, i'm thinking trading range around CDN$20's - CDN$30's until way after the U.S. election, and some sort of guidance from hilary as to her stance on this matter.
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