RE:RE:New strategy of BODThis approach of NCIB is being used very successfully by BRP since the beginning with the participation of Bain Cap. IMO a robust RS is a prerequisite to such an approach, like the 25/1 consolidation, which will bring the float and SP in the right ballpark figure. Just lets check if the institutional investment in BBD can move from the present 12% to 80+% like with BRP. Glad to see that the BOD is taking control. ( Tks to PB maybe, hey 859! ) GLTA.
BBDB859 wrote: What is "NCIB"
"A normal-course issuer bid is a type of buyback strategy used by publicly traded businesses. In this strategy, businesses approach shareholders to buy their outstanding shares, which are then canceled. To help get the shares, businesses may be willing to pay more than the share’s actual worth when pursuing this type of bid." This so interesting that the Bomber is doing it this way along with R/S of 25 to 1.
In essence what they are saying to the Existing Bomber Shareholders is that. Hey we'll buy your shares for this HIGHER price even though the SP on the Exchange is this. It's a buy back of some kind. Or Mr. Shareholder, if you don't sell us your shares, we'll do the Split if you don't take this offer.
Let's think about that.
Sorry but I gotta go right now. But Let me mull it over in my head first. To see what it really means
borrock wrote: May 6 (Reuters) - Bombardier Inc:
* BOMBARDIER’S BOARD OF DIRECTORS APPROVES SHARE CONSOLIDATION AND RENEWAL OF NORMAL COURSE ISSUER BID
* BOMBARDIER - CURRENTLY TARGETING TO IMPLEMENT SHARE CONSOLIDATION AND RENEWED NCIB IN JUNE 2022
* BOMBARDIER - BOARD APPROVED PROCEEDING WITH CONSOLIDATION OF ISSUED & UNISSUED CLASS A & CLASS B SHARES AT A CONSOLIDATION RATIO OF 25-FOR-1 Source text for Eikon: Further company coverage: