RE:RE:A serious question - offer is $48.60 - market says otherwiseI am surprised you are showing your face around here Yoda after all your bashing. Moose.
YodaLayhehoo wrote:
They only bought a 38% share with warrants to get over 50% of the company. This would be the "big buyout" for Canopy because they have given up control of the company by selling more than 50%. Selling controlling interest usually gets a good premium. The price paid doesn't always reflect the value of the company. Constellation could be looking out 5 years but they seem to see value. It also makes the shares they bought at $12 a lot more valuable.