TSXV:SSS.P - Post by User
Comment by
CanSiamCypon Nov 07, 2022 7:28pm
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Post# 35080503
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Summit to be acquired by Dream Industrial & GIC
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Summit to be acquired by Dream Industrial & GICAll the more reason to continue to hold it .... unless and until the market price reaches the $23.50 acquisition price ... in which case sell, take the money off the table, and re-invest in something else.
Anyone selling today (and 8.8 M units traded) sacrificed 4.4% return over the next 4 months or so. Just nuts!
Can anyone answer this question? Do security regulations allow DIR.un and GIC to buy the SMU.un units ahead of the proposed closure of the deal (i.e., buy at a discount today AND then get to cast even more votes in favour of the deal). Not that this transaction is in danger of being rejected by unitholders. Also, it is unlikely that at this multiple that an alternative offer will emerge. So a done deal!
geric wrote: Some investors may also be considering the suspension of the distribution after this next payout. It could amount to 3 or more months worth before the sale goes through.