Good news and Bad newsYou know how for a while at least, the NRs would say BTR shares are in strong hands...
Well we are down to ES and KL: VanEck are gone.
That's the bad news.
The weakness in the stock has probably been Van Eck selling... The fund must have told mgmt that they were not interested in the merger because they bought BTR and not MTO...
There was reference of VanEck's intentions in the merger circular. It didn't mention VanEck by name but it is there.
So VanEck is out...
That's the good news.