Post by
curiousbuild on Jun 04, 2016 12:20pm
Cinven
after reading Puma's post.. is it possible they demand strategic reviews? These guys are locked with 20% of shares and cannot do a jack until shares are registered to be free. I don't see any SEC filing yet. about 18% held by 5 top institutions according to Nasdaq below $30US and MT with 4% of company ownership. And MT and few others have options at higher levels.. I am sure rest of the majority of shareholders have low cost ownership giving past eight months of volatility shook a lot of long funds.. I am afraid if Blackstone or any other PE comes up with $US45 hostile takeover they will win in this current environment and sentiment with elections coming up. Lowe's saved a lot of money just on timing of FX rates with Rona takeover and this may make sense for a PE or publicly traded company if Yellen raises rates that will give $US pump despite yesterday's dismal job numbers.. Covis itself is almost current market cap.. it is just plain stupid where company is now.. The company cannot let this BO rumours go rest of the year. This is not Yahoo size company that would require months of reviews.. Yahoo may get it done faster than Concordia.. yikes This stock would be around $50 CAD if there were not any news manipulation and uncertainty.. somebody made and lost a lot of money this week.. not good for Canadian health care sector and TSX. 50% of shares locked but we still see this major swings intraday like venture pewwnny stock.. CB
Comment by
curiousbuild on Jun 04, 2016 12:35pm
PS: I don't imagine Cinven registering their shares to become free as that would raise red flag and cause more downside pressure on share price.. so they may look at BO as the only way.. CB