RE:Transformation
Media ; with Nordstar having in their hands 60+% of the shares with the help of Watsa's blessing, does this basically mean for all intent & purpose that this is a done deal ? I don't see a white knight coming and offering $3.00 and even if they did , has Nordstar tied up the board,Hondo & the trust into a handshake of trust that they have a deal.............end of story. What happens to the $70 million cash Torstar has in the bank ?. If Nordstar gets their hands on that cash then Torstar basically gave them $18 million to take off their hands..........crazy. If nothing else Torstar should pay out to the shareholders all monies owed for past dividends not paid.
With this going private , are we basically screwed going forward ?
Seeking advice
Retired