RE:RE:Hats off to Eric GreagerI'm not sure it would pop up. I think the share price would languish if the deal fell through. Right now short term owners, largely retail are being replaced by institutional buyers that can take a longer view. Soon, the short term retail investors will be exhausted (?80 million shares...already 55 million have bailed) and we will be left with investors who know the true value of what they are buying.
If the deal fell through, all those savvy new owners would not hang around to own the old Baytex company. It would be like trading in a brand new Ferrari for a 10 year old Honda civic. The previous short term-minded retail owners would just watch from a distance.
That would hurt the share price.
Snowballer wrote: The irony is if the deal doesn't go through the stock will pop up! Lol Not to mention deal break fees could be used as one time special dividend or buyback shares or pay down debt.