DRM Go-private deal?
If DRM were to acquire Dream Office at a bid of $20, would *enough* unitholders accept?
It would be a great chess move by Cooper. However, it would not be good for long-time unitholders who have watched their wealth dissolve, only to then be acquired for far below what they originally paid for the stock.
Hopefully unitholders put up a fight - all I hear is the properties are irreplaceable, the location, location, location... yet, based on the current unit price, nobody seems to want to buy!
My thoughts: I think Allied is the far superior office REIT, with far superior balance sheet, and development pipeline. Allied is a cash flow machine, while Dream bleeds cash.