RE:No Bank is BOLDLY going to make an offerNow that's an interesting approach. Quoting a famous ex Montrealer about a Montreal based company whose stock is in play.
But ... respectfully ... no one has PUBLICLY made an offer. And it may also be true that no offer has been made public. Which isn't quite the same thing.
The Globe reported last month that it was believed that LB had received an offer. Which kick started the strategic review process.
It may be busy behind closed doors. Tightly closed doors. Which will either open a crack, allowing info to leak out (my hope). Or will open fully when there is an announcement of some kind.
I'm not bold enough to predict anything. I have no idea whether LB will get a bid acceptable to the board. Which is what counts here.
But the silence - while frustrating for anyone anxious to fugure out what's happening - tells us nothing.
People think the deadline is around the end of the month. The investing public may have to wait until then for news.
Until then ... remain on red alert. Set your phasers to be ready for stunning news. Of some kind.