Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

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TSX:BNK - Post Discussion

Big Banc Split Corp > 2 Reasons the deal will be completed.

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Post by ChupacabraBueno on Mar 21, 2016 12:05pm

2 Reasons the deal will be completed.

1. You don't fight the Chinese It's one thing for the Albanians to play hard ball with a Canadian company, with a Chinese company it's a different matter - so BNK is simply worth more to the Chinese. 2. There is a $20 million non-completion fee clause payable should either party choose to back out.

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Comment by Whisdom on Mar 21, 2016 12:32pm

lol hardly convincing. $20mil is nothing for this company. It will probably cost them more than $20 mil to issue the shares to buy BNK. Your other argument is also valid the other way, hard for a small Canadian company to play hardball with an obscure Chinese company if they back out of the agreement

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Big Banc Split Corp