RE:Previous offer October 2014I don't remember there ever being an offer in 2014. That was the time BPY bought BPO but not BOX. It seemed strange at the time that they were combining everything into BPY but decided to let BOX hang while they play with the cash register.
It would be funny to see an RBC fairness report today, as they signed off on their shares in January at the same time as MS at $30.10. I guess whe you're the largest BAM shareholder, you fairness report depends on how big a stake you have in the buyer and seller.
The fact remains the shares have little market value as BOX was never supposed to control the votes of 85% and the basic conflicts at Brookfield meant the 15% minority could only hope BPY left us something to nibble on.
Can you imagine how long the independant board members would be employed if they acted like independant Board members? For entertainment purposes only, I'm waiitng to read the fairness report, as I'm sure Calgary and our almost full Bankers Hall property is on the brink of disaster, and Toronto office space is soon going to be so empty we're damn lucky to be getting out just in time.
In any case, the company answered everything minority shareholders needed to know last week during the conference call, the question and answer period the most telling information session they have held in many years, oh yeah, they didn't have a question and answer period, they cut off the meeting and wished us all a good life.
TBC