RE:Sandvine bid is just the first... Yes, after verification, you 're right a1broker1: termination fee is not so high. At 8.4 millions $, it's represent 1,7% of the offer. In comparaison Prism Medical was acquired by Handicare in 2016 with a 3.6% of termination fee. In the case of Prism (V.PM), the first offer was 12.5$. During the go-to-shop period, the offer was upgraded to 14$. In the case of SVC, I think that probabilities of a superior bid are enough good for having a bid price at the market opening higher than the offer.
Interesting to see what M. Market will do in the Monday morning.... but more interisting to read your fair value evaluation of the company. Thank you MUGMODS and a1broker1!
For others, keep in mind: a good price for your share should not be compared against your cost price. The question is more:
what is the fair value of the company in a long term horizon? A part of the answer will be in the fairness report of Canaccord... The document is not an the SEDAR site for the moment.