OTCPK:LQSIF - Post by User
Comment by
Pat123on Jan 05, 2022 12:41am
148 Views
Post# 34284052
RE:$6.95 vs implied offer of $8.70
RE:$6.95 vs implied offer of $8.70You're right. 25% is a clear indication the deal is unlikely. However, I wonder why SNDL was up today with all other weed stocks down. Tomorrow's action will give us a good indication.
My guess is they will have support in the low 60s but not enough to reach the 66 2/3%. Sundial will then add a small 0.50 per share in cash to the current offer and it will go thru in a month.
The Nov 9th record date is killing the deal because millions of shares traded on the 9, 10, 11, 12 ... and the buyers were no allowed to vote and the former owners that sold didn't bother voting.