Privatizing BBD This is the only thing that really concerns me. Based on what happened with the recreative products division (BRP now), I am a bit concerned for those (including me!) who have an average cost greater than $2.75. Despite the outstanding float of shares + the debt, we are talking about what? $20B?
That seems to be a very impressive number. Substract what the family already owns + some big pockets that might already have an important position suc as a Goldman Sachs or even a smaller one like the family's financier when they privatized BRP and given the cheap price for the shares and the family past experience with BRP, that does not appear to me as being impossible.
If it was to happen and even after they have sweetened the deal for shareholders, what position that those who refuse to sell would be in? Just minority interests who are waiting to receive yearly their share of profits? Is there a market to sell those shares at that time?
Is there an expert on this board as to what is a potential scenario in those cases?