RE:Reasoned Assessment"Keep in mind, it was 'approached' at higher levels than the current price, which is what set off the review ($3.67 was the prior price). "
"5i Research" has no way of knowing this. Sure, there may have been expressions of interest in possibly purchasing CTS by other parties, but I find it hard to believe that any firm takeout offers were made by any entity before CTS's PR announcing the Special Committee. What company would make a firm offer to buy the company without first signing an NDI and taking a look at the inner workings of CTS. Perhaps no firm offers have even been made to date, or whether any such offers are much higher than the current share price...?
Don't forget, CTS announced this "Special Committee" at a time when its share price was in freefall, and sure enough, this announcement stopped the bleeding as speculation was that CTS would be taken out at a generous premium. Well, it's been over 5 months now and still no decision by this Committee. If an acceptable offer was presented, I would think the Committee would have come out with a PR recommending the offer be approved by shareholders. Personally, I think a recession is coming in both Canada and the USA in H2 2023, so I would suggest CTS accept any reasonable offer because I don't see things getting any better for the company anytime soon. Also, I don't think insiders would be allowed to buy or sell shares as long as the Strategic Review is ongoing, so if anyone's dumping shares, it's probably not the bigshots at CTS.