Dual shares and takeoversBy chance we have a dual class shares with Bombardier. That's a solid protection against an hostile takeover.
Takeovers usually happens at the peak of a cycle, not at the bottom.
Do you think that 70$ is the peak for Bombardier?
Would you like to have a takeover at 84$ ( 70$ + the usual prime of 20%) ?
Do you think that this stock could not reach 120 or 150$ in two years ?, at the peak of its cycle ?
Yes, it could be bought but at the right price. Surely not at 84$.