RE:RE:RE:WEF goes ex dividend to morrow doesn't it?
I couldn't find any evidence that the 113 million shares Brookfield released on the market were immediately sold.I don't think there is any reason to believe that some or perhaps much of that alotment remains for sale through CIBC at $2.50.The press release stated they hope to close the offer by sept 10th.I think that's why trading around the $2.50 mark makes much more sense than $2.64.Expect more volatility until this deal is actually closed,once it is this stock should go up considerably as the Brookfield "overhang" has always caused WEF to be undervalued against it's peers.IMHO