North American Palladium Ltd (New) PALDF

Just Doesn’t Add Up??

[HeyDGP]

This is what I don't get - "Canadian investment manager Brookfield Business Partners LP will get $16 per share in cash for the about 81% of North American Palladium owned by the investor and its partners.

Other minority shareholders of the Canadian company will receive $19.74 per share, the same price as the stock’s Friday closing."

Ok, why now, why make a deal now before the 3rd quarter results are in and profitability released to the world and any other perspective buyer? With Palladium prices being where they're this offer is suspect.....I'm suggesting a bidding war is about to be unleashed.  My opinion only, of course.....GLTL

[kitchensink2]

HayDGP,  Brookfield accepted an under the table deal.  This is the second time.  Last time PDL was at around $20,  there was under the table deal for around $15.  This time it is $16.  In both cases brookfield made $$$$$$ under the table deal.  This is the only logical answer... Either way in am out of PDL

[skiesthelimit]

The only thing I think is that if there are any other offers made that we will still only get 19.74, and Brookfield may be offered 17,18,or 19$. Unless things really heat up and we are offered 20$+ for all of the stock.  Nice thing is that we have a very small float so a few extra dollars on an offer won’t be outrageous. 

[crow27]

I totally agree, someone had to make an offer and it happened to be Impala. Now of course             Brookfield and PDL management have to say they are happy as they did accept it. I believe they know at this low buy-out that they stir more interest from others. I like the 30 day clause as it is lot's of time to get things heated up. This could get crazy if we

[skiesthelimit]

Wow last trade was at 19.75. Maybe the market thinks there may be more offers as well.  Usually you see it trade  .5% to 1% lower than the offer.  But the big money can easily do quick math on how much money we are taking in.  Let’s sit back and watch the last round

[invest234]

The acquisition is subject to regulatory approval. contact ontario securities commission to voice how unusual and unfair it is.