DONT PANIC AT $4 Out of the $393,376M shareholders equity or $9.10/(class A and B combined) reported on latest Q4, class B shareholders equity stands at $354M.
QMI owns 64.86% or 25 220 852 Class B shares, while minority shareholders own 35.14% or 13 664 683 Class B shares.
Therefore 13 664 683 Class B shares X $9,10/per share = $124.3M
If you divide $124.3M by 2, you get $62.15M
$62.15M divided by 13 664 683 "minority" class B shares = $4.54/ share.
The 55M$ or $4/share expressed by TAK (Lester Asset) and likely to be accepted by at least a few stockhouse posters is definitely below a "minimum decent price".
Obviously these few shareholders who would tender at $4 came on board since 2019 and will exit unaffected.
If QUEBECOR dares to steal a $4 deal, it will have been disloyal to minority shareholders by claiming for so many years of its committments to create shareholders value. I strongly hope, for the sake of all minority shareholders, that some backlash will take place in pushing for a fair outcome.