It’s Not Done Hi All,
Prem should put fair back in Fairfax and offer $1.30 for all outstanding shares. It would cost him $68 million, and if he wanted to construct a convoluted deal to gift the company to his buddies that would be his decision.
Offering $1.30 would match the theoretical best offer from Canadian Modern Media and would help resolve this mess. Chump change in Fairfax's world.
This is all going to be challenged in the courts and reputationally and hopefully legally the Voting Trust and Fairfax are going to lose
MW