TSX:REI.UN - Post by User
Post by
mavion Nov 16, 2001 1:06pm
767 Views
Post# 4414274
Post Enervest offer
Post Enervest offerAccording to the Enervest press release, they ended up exchanging 1.70954 shares of Enervest for one share of REI.UN
Right now, Enervest is trading at $6.50. This makes 1.70954 shares worth $11.11
RioCan is trading at $11.80. Clearly the Enervest offer was a very bad deal, as other posters have indicated.