TSX:RON.PR.B - Post by User
Post by
value1on Nov 07, 2012 2:45pm
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Post# 20573259
Issuer Bid and the caisse
Issuer Bid and the caisse Caisse just bought 2.4 million shares @ $14.16 in July and 2 million at $10.01 a few months earlier.
Rona issued a NCIB and re-purchased 1.55 million shares at $9.30 last year.
I suspect a renewed issuer bid to be announced this or next week and the Caisse to be upping their stake to 19.9%.
They think $14.50 offer was too cheap? Put your money where your mouth is Rona and the Caisse! Otherwise you just look incompetent Corporately and Financially.