RE:Great move by CCAFully agree with you,
Ain't adding to my position right away but i will.
In the deal, CDPQ, sold a portion of the Rogers shre they bought at $51.40.
The bouth deal to the public and institution is 5.3 million share at $52.54.
So CDDP made a quick 6 million less fee on that deal.
Now, Yesterday's buyer at $52.54 can sell into the market for a quick profit.
some will, some won't.
But it will take a few days/week to clear the short term profit takers.
so CCA will probably wobble.
Once done,CCA will/should move higher.
This was a great move by CCA to be able to shrink to float by 5% at such a discount.
They paid only 25% discount to book.
This move will be accretive to an already attractive return for 2024.
If i'm lucky, i will be adding in the $52-$53, if not i will be happy to keep my shares for next years appreciation.