RE:RE:FIERA HOLDINGS RECEIVES SALE NOTICE FROM DESJARDINSthe management will have to buy out desjardins otherwise, the current CEO and founder will lose its super voting rights obtained through fiera holding. No need to panic, we are in the presence of 2 scenarios:
1- management will buy out desjardins, keep the super voting rights of the CEO== no change in the short -mid term, but more commitment from the management for the long term
2- management don`t buy out desjardins: short term not good at all, but long term promising since fiera will be on the radar of activist shareholders and on potential raiders / takeover
I think the management will finally decide to buy out part of the shares, and fiera will acquire a portion through its NCIB or through a special TSX approval for stock buyback. The only issue, is that the dividende may be at risk if such buy back is exerciced