Post by
grox01 on Feb 16, 2016 10:30am
Buy out rumour
With newly appointed role for Edward Borkowski... Is this the start of possible buy out rumour?
"In this newly created role, Mr. Borkowski will oversee corporate administration and strategy of the organization".
"Ed" is very familiar with M&A as well as strategic buy out...
Comment by
adamchess on Feb 16, 2016 12:10pm
Not wise to hold an overnight short position here as a retail investor, I think. Risk relatively high for a buy-out offer at this level.A modest offer of $100 CAD puts you down $63/sh. Ouch!
Comment by
fdfd12 on Feb 16, 2016 1:09pm
Realisticaly, the buy out offer RIGHT NOW would be $60CAN. The biggest offer I have seen was Rona at double the price. With our price at $37.50, a company would pay 60 and not more. If they offered $100 CAN, their CEO would be fired.
Comment by
sunshine7 on Feb 16, 2016 1:16pm
A buyout is not in the best interests of the shareholder at this time. Needs a good foundation (earnings report of consolidated operations) before it can be truly evaluated by the market or potential suitors. Friendly takeover is not in the works. This is all about building a world-reaching growth business.
Comment by
adamchess on Feb 16, 2016 3:22pm
Yeah, obviously we are not interested in selling this if we see huge long-term potential sunshine, but we cannot stop others having a real interest at these prices. Just saying it is a huge risk to be short overnight as retail investor even if very unlikely. Some US and possibly foreign companies have large cash positions. I think CXR is getting calls regularly from these companies.
Comment by
Investor198 on Feb 16, 2016 1:21pm
are you buying it for $60
Comment by
1health on Feb 16, 2016 1:28pm
B.pound 42.5 company from UK
Comment by
fdfd12 on Feb 16, 2016 1:31pm
For your info, I just bought more today at $36.747. Here is the transaction, once again for your information. 470004322 Buy CXR :CDN 1,000 1,000 0 36.75Limit 36.747 N Feb 16, 2016 11:33 AM ET Filled
Comment by
fdfd12 on Feb 16, 2016 2:12pm
??? confusion ...............lol
Comment by
select1011 on Feb 16, 2016 1:28pm
This post has been removed in accordance with Community Policy
Comment by
Scruggstyle on Feb 16, 2016 2:41pm
Well, I guess YOU did start one, . . . but I highly doubt it.