Post by
janeintoronto on Nov 11, 2023 7:18pm
To accept offer or not...
I am going to vote against the takeover. They are being taken over by some private equity group or some such thing, Ember Infrastructure Management. In the reasons given for this, there is nothing convincing that Ember brings anything to the table. I.e., there is no synergy that would justify some enormous price premium. And so Ember is not paying any great premium. Even the chart shows an upward trend. It might well have soon reached the offering price and kept going. HEO seemed to be on an upward path. Some problem with the maple syrup harvest (yes, really) was a small slip down. When private equity companies want my shares, I ask myself, if they think it's great, then so do I. Management is promised bonuses, they don't have the hassle of being publicly listed, but where's my big benefit? I now have to find something with as much potential as HEO to replace it.
I do wish the Exchanges and the IFRS idiots would not make it so unattractive for companies to go public (or stay public). Please HEO, stay public. I like you in my portfolio.
Comment by
profitprophet1 on Nov 11, 2023 9:58pm
It's all well and good for you to vote against. However the deal is going through and unless you are holding millions of shares (you don't) your vote is an exercise in futility. I liked having H2O in my portfolio too, but it's time to move on.
Comment by
zappafab on Nov 12, 2023 7:04pm
I voted no with my 242 000 shares.
Comment by
Possibleidiot01 on Nov 28, 2023 2:53pm
99.03% of the votes cast voted for