Sudzie and I L DDo you mean...
Is it possible, or even legal, for a consortium of CCO, Teck et al. to buy up 9.9% each, then collude to hold down the SP AND then tender an uncontested (because they're not competing) bid? Could they do it without identifying all the parties involved? In other words, is an end run around legitimate competition a possible threat to us longs?
Using the Pathetic Maple Leafs as an example, they continue to make profits every year while keeping competitors our of their back yard. No team for Markham, Kitchener or Hamilton. Their fans have suffered for decades (I'm not one of them)
Given that China can only go after 49%, might we be at risk of a few bidders with shallow pockets actually cooperating with each other long enough to scoop up PLS?
Go Jets go!