RE:RE:RE:Marc Garneau approval@Boookends you are so right, how TRZ's management thought that choosing AC instead odf Groupe MAC it's the best option. Kind of antitrust laws in Canada, Europe.
With Groupe MAC nothing of that. Big suitcase packed with money, handshake, smile and selfie.
and deal ALREADY DONE !!!!!!
Bookends wrote: To think, TRZ's management was saying that a 13$ offer from AC, with all this scrutiny and now obvious delay risks, was a better offer than a 14$ offer from Groupe March which would have had no scrutiny and would have closed by the end of 2019. Man, how can this management team stay in place?
What's exasperating, to me, is the fact that the Governement would need such a long time to analyse the transaction before giving clearance.
Jesus, this thing was announed in August 2019. If the governement was a tad efficient, this would have closed by the end of 2019!
It's funny how the Government finds every single possible way to interfere with the free markets. Give huge sums of bail out cash, give huge delays on merger approbations, completely manipulate the bond markets via the Central Banks so that interest is at 0% or and now possibly going lower.
If this thing fails, what I will remember is the fact that the big and innefficient governement screwed this one for TRZ shareholders by having to take so long to approve something that would have been approved regardless. There should never be a case where Governemental scrutiny is so long that it would allow for market conditions to evolve so much before giving clearance!