Maximizing Shareholder Value? www.theglobeandmail.com/business/article-nordstar-ups-torstar-offer-in-what-could-end-bidding-war/
Prepared to offer $.80 and an additional $.50 for share of asset sales.
How does Watsa explain this to his shareholders? A serious breach of his fiduciary responsibility. Now is the time to bring in the lawyers.
The same applies to the morons on the Torstar board. The Ontario Securities Commission should launch an investigation when they read this story tomorrow.
The Keystone Kops have stayed true to form. Add this to their list of failures.
MW