Colabor Group Inc T.GCL

Alternate Symbol(s): COLFF

Consumer Defensive Food Distribution

Colabor Group Inc. is a Canada-based distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets (HRI) in Quebec and in the Atlantic provinces, as well as the retail market. The Company offers specialty food products such as meat, fish and seafood, as well as food and related products through its Broadline activities. Its product categories include frozen food products, dry goods, dairy products, fruits, vegetables, meat, fish, seafood, poultry, disposable items, sanitation products and maintenance products. Its Norref products offer over 1,500 products sold fresh, frozen or live, including regional, exotic and eco-friendly fish, all varieties of seafood and processed products. Its Lauzon products include lamb, beef, delicatessen, turkey, game, fish, pork, poultry, veal, cheese, frozen food and portion. It also sells products under private brand, Menu. It distributes around 10,000 food and related products to 15,000 points of sale.

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Colabor Group Inc > GCL TAKEOVER WILL LIKELY NOT BE ABOVE $1.20/SHARE

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Post by modulexon Feb 17, 2022 12:26pm

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Post# 34438465

GCL TAKEOVER WILL LIKELY NOT BE ABOVE $1.20/SHARE

PAT123....you have the same impression that i do. I dont see how a GCL takeover could be above $1.20. At current $0.75, the buyer will probably come in with a 60% premium offer to demonstrate he/she is generous.

Book-value is however $0.90. So applying to that figure a 60% premium would give closer to a $1.45 offer.

Remember that Louis Frenette, CEO, was granted 1M options at $1.14 in 2021.

So, a takeover offer could logically not take place below $1.14, otherwise he wouldn't be able to exercise his options, i believe.

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