RE:If ever there was a time for hostile takeover...I'm not convinced Cooper has given up on office. I think he is genuinely proud of the work that has been done renovating, decarbonizing, and modernizing Dream Office assets. Dream Unlimited has a lot of capital intensive projects and perhaps Cooper felt they genuinely needed the liquidity. Dream Unlimited owns stakes in DRR and MPCT however neither of those could ever have provided the exit liquidity available through the Dream Office SIB.
If Cooper genuinely does want out of office, he just might be prepared to do whatever is possible to recover the Dream Office unit price or find a buyer so that he can exit his position at a reasonable price. Dream Unlimited is lower following the conclusion of this SIB so Cooper has in actuality generated no value for anyone (except Dream Office NAV if one still believes such a thing) with this Dream Office SIB other than those clever enough to sell their units for $15+ rather than tender them to the SIB.
Something positive - our Alleyway is now open:
https://urbantoronto.ca/database/projects/alleyway.52804
SNAKEYBOY wrote: Most wanted out at $15.5 and we're back at $12.5. Cooper and team should have had planned for this scenario especially knowing their high tender would tank it.