RE: RE: EQU review posted Indeed darb. Since the effective date is July 1st, it is highly likely that a deal will be closed in July, the effective date and closing date usually happen in the same month. Also it is clear from the Scotia website that the company is open to considering all alternatives in terms of structure (buyout, merger, divesture) and means of payment (cash or shares), this flexibility will further facilitate a deal getting done.
I have spoken to Mr.Undershute (Scotia Waterous managing director) myself last week, obviously he was limited with what he could disclose, but he sounded quite upbeat and confirmed to me that the board of directors is very keen on getting the deal done.
My guess a deal will take place at between $5 and $6, there is a potential for 80% to 100% upside from current levels in under 6 weeks.
Regards,
Nawar