Criminal and Stupidhttps://www.thestar.com/business/2020/07/11/new-surprise-60-million-bid-from-nordstar-all-but-locks-up-acquisition-of-torstar.html
Hi All,
The Prouds and Self were prepared to offer much more money according to the reporting in The Star. Who smells a rat/s at One Yonge and at Fairfax headquarters?
Who is protecting Torstar and Fairfax shareholders from this kind of bullshit? Why not let the auction continue and what is the hurry to close the deal?
This will demand an investigation by the government as to what constituted a "Superior Proposal" when they shut it all down with the Hard Lock-up. If anything should be locked-up it is the idiots determining $.74 is fair value.
MW