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Coast Wholesale Appliances Inc CWSAF

Consumer Cyclical Home Furnishings & Fixtures


GREY:CWSAF - Post by User

Coast Wholesale Appliances Inc > 20% jump in share price - 3 original owners to take private
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Comment by Byrocaton Apr 27, 2014 8:07am
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Post# 22495452

RE:RE:20% jump in share price - 3 original owners to take private

RE:RE:20% jump in share price - 3 original owners to take private
Update: the BofD rejected the original offer and started a Stockholders Rights process (read poison pill), both parties wound up in front of the BC Securities Commission (or went to them) and a second offer came from CWAL. Offer is still substantially below the bank evaluation of 5.25-5.75 and BofD still recommends rejection. I'm in for the dividends long-term so I'm taking a wait-and-see attitude and not submitting my shares.
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