STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:RE:My Thoughts

[BlueCollar51]

d_trump wrote: Good post Blue Collar
Regarding the shares being sold, the Scotia term sheet states the quantity as 4M.  So roughly 25%
And SNCF's remaining shares will be subject to a 90 day lock out period - so the earliest they can sell further shares is Nov 12.  So it's possible they are simply trimming their position, but of course anything is possible.

TD Direct stated that the $ value of the offering was $41m. They didn’t state how much of that they had to sell or mention SNCF. I came up with my estimated share count with simple math.
 
The 4m that Scotia stated could simply be their allotment.
 
As Always; Do Your Own Due Diligence; It’s Your Money !!