OTCPK:TMBMF - Post by User
Post by
modulexon Feb 20, 2016 1:07pm
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Post# 24578010
WATCH FOR A DEAL TO COME SOON
WATCH FOR A DEAL TO COME SOONIt has been six months since Fairfax Financial bought a 20 % stake or 20 million shares of Tembec at a cost of $2.25. At that time, Resolute stock was approximately trading at $14.00 and is now approximately $6.00. Resolute stock has not dropped that low for nothing, for no reason. It is most likely because Resolute will make a cash and share offer to Tembec. Some of you may remember that Resolute offer for Fibrek in 2012 was $0.55 in cash and 0,284 shares of Resolute. The Resolute offer for Fibrek was a better thing than an all-cash offer. Resolute stock traded as high as $24.05 a year ago. Watch for a deal to come soon.