GREY:BNCIF - Post by User
Post by
newsimon1707on Aug 29, 2017 9:57pm
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Post# 26635235
INFO FOR BRUCE... THIS IS HOW YOU INK A DEAL
INFO FOR BRUCE... THIS IS HOW YOU INK A DEAL
I know scale of this deal has nothing to do with ours... but look at what they did, and you should have done the same thing... I don't care that there is no money in our deal, it's pretty normal... but look how the real guys price the shares they got in exchange! Not like you sold us... for a price that FCC artificially traded for 5 minutes! They will use the value of the 10 previous days before the signing! Not 2-3 days after the LOI is announce publicly! THIS DOESN'T MAKE SENS!
And now, your friends at FCC are making you look foolish by not even maintaining the SP they pumped!
Toromont Industries Ltd. (TSX:TIH), a diversified industrials company providing specialized capital equipment and ongoing support to customers in various sectors, today announced that it has entered into a definitive agreement to acquire the businesses and net operating assets1 of the Hewitt Group of companies in exchange for consideration of $917.7 million cash plus the issuance of 2.25 million Toromont shares (nominally $100 million based on 10 day average share price as at signing) for a total consideration of $1.0177 billion.