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PACIFIC INSIGHT ELECTRONICS CORP T.PIH

"Pacific Insight Electronics Corp is engaged in providing electronic solutions to the automotive, commercial, and specialty vehicle markets. It manufactures & sells LED lighting products and systems, electronic control modules, and wire harnesses."


TSX:PIH - Post by User

Comment by snootchybootchyon Sep 08, 2017 3:06am
114 Views
Post# 26670282

RE:RE:RE:RE:RE:RE:RE:What is management thinking?

RE:RE:RE:RE:RE:RE:RE:What is management thinking?Do not underestimate the risk in obtaining the regulatory approvals required for a foreign takeover.  I owned T.NRG when we got taken out by a Chinese company at a 160% premium.  But the share price continued to trade at a pretty significant discount (up to 15% at one point) beause of the uncertainty and lengthiness of the approval process (primarily from the US side).  If PIH management accepts the Chinese offer, it likely won't trade near $24.  It may trade around $20 or $21 until there is more certainty that the acquisition will go through, which may not happen until well into 2018. And if the deal falls through, how far will the share price fall?  
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