RE:New Press Release - AIMIA'S TUFROPES SUBSIDIARY TO ACQUIRE CORTLAND INDUSTRIAL FOR $26.6 MILLIONInteresting
"The transaction was funded with cash on hand. Liquidity for this purchase was expected to be provided by a planned debt financing at Tufropes. However, this financing has been delayed by uncertainty surrounding recent activist shareholder activity."
May as well pay cash for everything at this point. Do another big deal or two in NORTH AMERICA and put it to use in the next 6 months, leaving Mithaq with no cash to even go after. What a shame. Left alone this would have easily been a $5-6 stock by Christmas. Adding to that, now they likely won't even consider a NCIB or SIB as it just strengthens Mithaq's position. What complete clusterfcuk. Not too late to kiss and make up, but egos and stubbornness may not allow it.