RE:RE:LB's MANAGEMENT/BOARD OF DIRECTORS FLIP-FLOPNot impossible that Rania Llewellyn (President & CEO) was in a position where it was impossible for her to accept a “low” offer without the risk of loosing her credibility… still, she would secretly welcome an hostile offer/take-over… (Desjardins?). There’s reasons to doubt that her favourite scenario is the one presented on September 14th:
As part of the accelerated path forward, with an increased focus on efficiency and simplification, the Bank is providing larger mandates…
Keep in mind that she’s largely covered (financially) what ever the turnout… in fact, spending 2-3 more years at the LB might be her nightmare and most risky scenario.
In a nutshell, I am betting that we are in a grey zone, far from “black & white”.
(Although beware cause I’ve been wrong before… and right now, we are left in the dark…)