TSXV:NDVA.H - Post by User
Comment by
nedstar71on Aug 28, 2024 3:14pm
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Post# 36199932
RE:RE:RE:RE:RE:RE:RE:Deadline Day
RE:RE:RE:RE:RE:RE:RE:Deadline Daynedstar71 wrote: The various timelines are laid out here and likely haven't changed:
https://www.pwc.com/ca/en/services/insolvency-assignments/indiva/sale-process.html Note the different dates in the list under the "If no Qualified Bids are received other than the Stalking Horse Bid"
And
"If Qualified Bids are selected other than the Stalking Horse Bid"
Given that no announcement has been made as of today that the stalking horse bid was selected one could assume that there is indeed another bid and the dates in the second part of Sep 1st, 4th etc are key. Then again who knows, this isn't publicly traded so it's questionable how fast they need to disclose if SNDL's stalking horse bid was accepted, but decent probability there was another bid imo. Shouldn't have to wait more than a week to find out.
But worth adding SNDL
IS a publicly traded company so if their bid was indeed successful you'd think they'd have to disclose it immediately.