BC Court Approval?With LIX still trading under the buyout offer of $2.61, due to close on Wednesday next week, the discount from the buyout price reflects the remaining uncertainty until the final court approvals are reached and no alternative offer is forthcoming.
Has anyone heard what the outcome of the BC court hearing yesterday (February 7, 2018)?
If approval has been received, trading in the shares should move to $2.61 today to close the arbitrage gap. They opened this morning at $2.54, having traded to $2.55, the 52 week high.
Happy investing!