Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

MRC Sold Hotels for above $400 Million

[Predator2018]

After repayment of mortgage, MRC would have more than $350 million excess cash. MRC has been buying MRT shares and owns more than 70%. This is highly bullish signal for MRT.

MHO

[flamingogold]

What's a fair buyout price here? Armoyan owns 10% where the majority of buys were sub $5.30. What are the chances of a lowball offer by MRC and does Armoyan even have the weight to challenge one?

[Phoenix2013]

Considering that the Armoyan's now own in excess of 7 Million shares.  MRC and its affiliates own in excess of 53 Million shares.  There are around 3 Million shares available.   And almost every day we see an eventful volume being sold and purchased.   I've been holding MRT. UN for about 15 years and enjoyed the distribution of .08c a share for years.   I was

[luscar99]

Armoyan owning >10% of shares means a squeeze-out is impossible without his approval (need 90% tendered for a squeeze-out). It also means that in case Armoyan sides with Morguard a squeeze-out is unavoidable. There's the possibility (in Canadastan everything is possible) Armoyan could get some (illegal) side deal and help Morguard screw the rest of the shareholders. On the other side