Post by
dt_core on Mar 26, 2024 1:41pm
Stick a Fork in it, this Deal Appears Done.
It sure looks like traders have shifted from optimism that a better offer will come to the current volume and price action which is no signaling that the Beedie offer is a done deal. Combine that will all sell side analysts dropping coverage and it doesn't spell a positive outcome. The only good news is that holding on to the deal price will net a 5% return but at this point my hope for a better offer price has faded. I'm also told that of the shares voted so far there is a belief that the company indeed has enough support for the Beedie offer so a sweetened deal is likely not in the offering.
Comment by
horseshoefalls on Mar 26, 2024 2:04pm
Big volume today not looking good for a better deal.