GREY:WFREF - Post by User
Post by
wilwalon Apr 13, 2016 6:53pm
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Post# 24764074
April 21st closing....
April 21st closing.........is sbout what I would expect. Investment Canada is required to approve or deny in 45 days, and April 21st or earlier should do it. Investment Canada can extend it for another 30 days but in this case, it's difficult to imagine any reason for them to do so. This deal is clearly in Canada's favour as the alternative is likely bankruptcy and damage to jobs and suppliers.
So that's about one week for arb shareholders to pick up a 7% gain in the stock and a 10-12% gain in the debentures.