Evidence, I am sure many will be Informed. Blindbat1, I feel bad that we are having a negative discussion on this board. I do not like negativity and I apologize to the rest of board members. But I would caution you to be more accomodating to other people's ideas and suggestions as nobody is always right. I posted what I beleived was plausible if out management beleives that the bid for Mira is to our advantage. Now to explain where I was coming from with my post that you responded to with insults and belittlement please check this copy and post below. You can read the entire document of mergers and acquisation regulations in Canada for yourself at the site preceeding the post and you will see that I knew what I was talking about. In clear and few words, it states exactly what I tried to insist in the last two posts. Its all very clear and in the end we can all hope to make some money! GL
https://www.osler.com/uploadedFiles/News_and_Resources/Publications/Guides/Canadian_Public_Company_Mergers_and_Acquisitions/4495%20MA-public-Aug%2020.pdf
“FRIE NDL Y” TAKE -OVER
A key consideration in structuring a public M&A transaction is whether
the target board’s cooperation is necessary or desirable. Proceeding
with the support of a target’s board (whether by way of bid, arrangement
or otherwise) affords an acquiror several advantages:
• access to confidential information (typically in exchange for the
acquiror agreeing to be bound by a confidentiality and “standstill”
agreement) and the corresponding ability to conduct more extensive
due diligence investigations beyond the public disclosure record;