RE:Spoke with ACB and CMED IR regarding price disparityplc20000 wrote: Asked why there is such a disparity in share price between ACB and the offer for CMED. Both basically told me sometimes the market is illogical. The only hurdle they need to cross is the Competition Bureau which they don’t see any problems clearing, and there is no record date to have owned CMED for the deal. Sold my ACB and bought CMED before the huge discount disappears.
+1
Same here as I also sold off all of my ACB on the first morning of the announcement and used all of the proceeds immediately to purchase CMED shares. I thought the "discrepancy" between the 2 share prices would disappear soon, but clearly I was mistaken.
In hindsight, I should have waited until today to buy back the CMED shares as I would have been able to get more shares for my dollar. All good though, can't be too greedy as I fully expect to gain 15% more in terms of my quantity of ACB shares once the takeover is completed.
Definitely don't see any problem with the Competition Bureau approving this takeover. Especially since approval would actually be facilitating competition in the marketplace, as opposed to limiting competition once you take Canopy into account. Otherwise, Canopy would have much more of an monoplistic hold on the international marketplace.