TSXV:PAI.H - Post by User
Comment by
WatchLearnEarnon Jul 16, 2018 2:41am
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Post# 28319559
RE:RE:RE:whats going on
RE:RE:RE:whats going onearningsmdn wrote: Why would wtx accept 2 million in itt shares then?
Do you mean 21 MILLION SHARES? Because that's what the deal is.
earningsmdn wrote: weather telematics had struck a deal with teletrac, why would they sell out now?
So what? A "deal" to integrate a weather module into Teletrac Navman's fleet management SaaS offering is not valuable enough to really even move the needle, much less influence the decision to sell the company for the right price.
Weather Telematics agreed to accept 21MM ITT shares (valued at almost 2x the current SP) and $500k cash because they believe the ITT shares will appreciate in value, presumably to a higher value and at a faster rate than their business on its own.
That would be the only reason I would sell my business anyway...