RE:RE:Buyout PotentialBuckshot26 wrote: Agreed. Add the standard 30% premium and we are indeed in the "sweet spot" as you've said. Also I've been in a number of acquisitions that happened over a long weekend. 3 days is perfect for ironing out details and crossing t's, dotting i's etc. Best part of that is that I'm meeting the company at 1 Hersey Drive Tuesday, man would that be a fantastic day if it were to come through :)
GLTA
starsearcher40 wrote: I've said a number of times that I think Canopy will ultimately be bought by a major Pharmaceutical company. I've also said that I think Canopy right now is truly in the sweet spot...big enough and prominent enough to have garnered attention, not too big to buy....yet.
Is this a REAL possibility? The more I watch the trading go through, the more I think it is. The trading is beyond just normal accumulation. It's beyond normal excitement about shoes starting to drop regarding legislation. The buying going on is big league, and it is relentlessly aggressive.
If there is a buyout somewhere out there, the price they'll pay will make a lot of shareholders very VERY wealthy, with the offer far above the current share price. I think Canopy could ultimately get to the same price, and beyond, but the buyout doesn't happen now for no reason. Yes, the buyer pays a HUGE premium to the current share price, but they absolutely expect to get that value and then some.
Could this happen? IS this happening? We won't know until. But my radar on this is definitely starting to ping.
Man Buck and Star, you guys make me so happy that I never sold any of my canopy shares even when I was down....my Ducati dreams for 2018 are becoming more and more real!