Watsa Strikes again. Watsa was the largest shareholder in another company and just took it private....again. That's his pattern.
If he's smart, and he is, he'll do this with $BB before Ivy (which $BB is getting zero credit for) starts generating revenues.
His largest investment is in $BB and it's under water to the tune of 50%. He'll get it all for about USD$10.5 or C$13. He'll probably wait for the parent deal to close. I would.
It'll be the theft of the century.
https://www.bnnbloomberg.ca/fairfax-proposes-taking-over-restaurant-group-at-53-premium-1.1803415