RE:RE:$100m Bought Deal at $10.35 per share
BlueCollar51 wrote:
It appears that the $100m bought deal went very well. I deal with TD Direct and I checked about an hour after the markets opened this morning and the offer was closed.
It went so well that they have actually increased the offer to $125m ($144m with the overallotment).
https://web.tmxmoney.com/article.php?newsid=78517911&qm_symbol=SPB
I had expected (hoped) that the share price would fall back to somewhere around
$5.35 (the offer price) as often happens but instead the share price went up.
Good news for existing shareholders but not quite so good for someone like myself looking for an entry point.
As Always; Do Your Own Due Diligence; It’s Your Money !!
Should have been
$10.35 ($5.35 would be an incredible bargin!)