RE:RE:RE:yeah, there will be no buyout.BullishBaytix wrote: sunshine7 wrote: Yes, that would make sense in relation to debentures, but I don't think Blackstone is that type of company. Also, I believe that the leak source familiar with the matter specifically said interested in acquisition.
f_the_bankers wrote: the point of the meeting was probably to talk about raising some money to buy valeant assets.
My take on this and although I was intially super excited about the prospect, but now the dust has settled a bit, and I have yet to see a takeout actually happen when eveyone is expecting it... Usually it catches everyone off guard, and this would not be the case here... everyone is expecting it so that is why I dont think its going to happen not to mention that a 50% share premium at this point would not garner shareholder approval for 90% of holders.
Even 100% share price premium would likely only get 30% approval.. and who is going to give 100% premium on the share price? When a company is bought up, I have never seen that much of a premium given. If you want to buy it because its undervalued... thats fine, you might be rewarded long term, but I dont think a buyout will happen until this reaches $60 cdn, then the buyout might be around $90/cdn if it happens...