RE:This bid is a joke! Rafi sold us out!It's not a sell-out at all
In fact, with debt repayment capacity much higher, they achieve a proper valuation in a much shorter time. Plus we all get a dividend starting Q3 next year. I think they were realistic in seeing that it would be a long haul for them to pay down debt on their own, so they decided this was the best thing for shareholders. The buyers of shares at US$38 to finance SKY were ok with this deal, meaning that they see it as the best way to get back to those levels and beyond. I happen to agree.