RE: McRambus divime1 wrote: I don't do crack . Private equity isn't interested in paying $548,286,604 to become a minority shareholder . Like Westjet they want it all so they can take a company private and eventually flip it.
If you " Never seen anything like it " it means you haven't been around the market very long .
Something for you to think about . The stock had a run to $ 8.06 . The deal is for $ 6.80 . Who do you think ran the price up the last month ? If the stock price was say $ 6.50 would they be able to get buyers for 80,630,383 shares at $ 6.80 ?
Everyone wants to think their getting a great deal thus the run to $ 8.00 . That's how the game is played.
This is a bunch of rubbish. Everything is a conspiracy on these forums. The reason the stock was steadily going up was because it became deep value with a sizeable turnaround showing in earnings the past months which investors like myself saw and slowly bid up the stock. The reason for the discount is the banks new Shaw needed the money right away to pay for spectrum and were not in a position to wait longer. The offering is STILL open on TD and they will likely have to place the stock into their own funds to soak up whatever they can't place with clients. This is the reason for the large discount not your conspiracy.
This being acquired is a pipedream. I want it to be but I am realistic, these assets are very heavily regulated, require deep knowlegde and experience to run. Furthermore, there are foreign ownership restrictions so big US private equity is out. You think we have that many fully Canadian private equity with the required $6+ billion (including debt) to take this out? Other than the CPP, Teachers or the Caisse, which have little interest in media, very few buyers for this company. Not a happy camper this morning.