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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMNF | RTMAF | V.RET.A

Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.


TSXV:RET - Post by User

Comment by nedstar71on Nov 19, 2024 3:49am
56 Views
Post# 36319190

RE:RE:Why ?

RE:RE:Why ?
filoux004 wrote: No idea, instead of paying 10k a month to some pr firm that would cover their listing fees and guarantee instantaneous greater visibility especially with the Dynamite IPO.  On that subject,  last conference call they stated because of their 2 class share structure it would be a non starter with the TSX. Well guess what...Group Dynamite is going to the TSX with 2 Classes of Shares at a valuation of 2.3B with a very similar financial profile?????. Very disconcerting.  Glta DD long and strong.

Interesting point.  I would presume that dual share class listings are still allowed and Groupe Dynamite is including the required coattail provision with all shares having the same rights in the event of a takeover offer.
I'm not 100% sure but I presume Reitman's is unwilling to agree to that provision and hence the reason the TSX won't allow them to uplist with the two classes.  If correct, the rationale for them refusing to include that clause is part of the reason the stock langlishes imo.
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