Here's a clue on the direction of WED_the news out this morning......
KINGSWAY ANNOUNCES DEFINITIVE AGREEMENT FOR THE SALE OF JEVCO INSURANCE COMPANY
Kingsway Financial Services Inc. has entered into a definitive purchase agreement with Westaim Corp. pursuant to which, subject to the satisfaction of certain standard closing conditions, including receipt of the approval of the Minister of Finance (Canada), the company will sell all of the issued and outstanding shares of Jevco Insurance Co. to Westaim for a total purchase price of approximately 94.5 per cent of the book value of Jevco as at Dec. 31, 2009, subject to adjustments. Prior to the closing of the transaction, and subject to insurance regulatory approval, the company will also receive a dividend of up to $40-million from Jevco. The approval of Westaim shareholders will also be required in connection with associated financing activities. Completion of the transaction is not conditional on financing.