Post by
SNAKEYBOY on Sep 22, 2023 5:49pm
Cominar privatization
Under the terms of the Arrangement Agreement, the Purchaser will acquire Cominar for consideration of $11.75 in cash per unit (the "Consideration"). For Cominar's unitholders, this represents a 16.3% premium to the 20-day volume-weighted average price per unit of Cominar ("Unit") for the period ending on October 22, 2021 and a 63.2% premium to the $7.20 closing price of Units on the Toronto Stock Exchange (the "TSX") on September 15, 2020, the last trading day prior to the announcement of the Strategic Review Process.
Comment by
Catchtherally on Sep 22, 2023 6:33pm
A lot has changed since 2020
Comment by
SNAKEYBOY on Sep 22, 2023 6:47pm
Yeah but there's a reason cominar traded at 7.25... covid lock downs malls closed etc Only difference now is cost of capital and hence why artis is 6.80 and can be scooped up on mass for cheap