RE:RE:If soldWith my RONA example, once again NOTWRONG is
giving false informaion to the retail investor.
fdfd12 wrote: Say that to Rona which doubled overnight.
notwrong wrote: The usual practice is the average market share prices over a period of several weeks immediately prior to the offer plus a 30% premium. That amounts to around $52 CAN given the best scenario, as the price was well below $40 before the rumour of the takeover, so the bench mark initial market price acceptable by the acquirer as a starting point for negotiation is likely lower than $40. I would rather see CXR cut its dividends and try to pay down its high debt as quickly as possible. By so doing, hopefully, market confidence will gradually return if the company can prove that it can survive the current financial crunch in the next few quarters. Forget about "$300 over time", lol. Just an opinion and calling a spade a spade. Please do your own DD.