INSIDERS buying Big BNK $1.82 Cash deal @$2.20Bankers Petroleum BNK.TO BUYOUT AT $2.20 CASH DEAL Summary of BNK responses to my requests:
“We anticipate the capital raise to take about a month although that is in their wheelhouse to disclose, so I am unsure when we'll be able to announce that formally.”
“I can tell you that we are confident that this deal will close, as you mentioned the purchasing of shares by insiders is a good demonstration of our confidence. We are confident in the purchasing company's serious interest in the asset itself, not just in Bankers as an investment vehicle. As well, we are confident in their ability to raise the associated capital based on our due diligence. The required government approvals on both sides are customary and we don't expect any aspect of the deal to be challenged by the government bodies.”
“all members of Bankers Management team have signed support letters for the proposed transaction and the Board of Directors are also in unanimous favour of the offer.”
Cheers o. thedave2006 Blog Bankers Buyout BNK at $2.20 CASH DEAL......