Post by
CNInvesting on Jun 06, 2016 5:06pm
Are you guys joking ?
50$ CAD won't even be considered by the current major holders of CXR. The only way this has any truth is if what we don't know yet is that an equity/debt financing takes place instead of a complete buyout. It would be a multi-layered deal with Apollo and perhaps other players.
Bottom line, we don't know squat yet. This is just a continuation of the past week's rumors but on the bull-side this time. Why would any of you folks give more credibility to these un-confirmed leaks than last week's ?
Comment by
select1011 on Jun 06, 2016 5:12pm
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Comment by
Craigbad on Jun 06, 2016 5:18pm
If it came to a fund manager accepting a $50 offer to get a performance bonus and bump up quarterly performance for clients, i think you'd be suprised how fast some might take it. A 50% quick gain and spread your money elsewhere where theres less drama.
Comment by
wordless on Jun 06, 2016 5:21pm
Tell that to the Funds that paid $65US a share in the most recent $500mm secondary offering. I think you'd be surprised at how much they would not appreciate that "50% gain".
Comment by
GoldBug024 on Jun 06, 2016 5:23pm
numbers are bs it'll come in at 60usd range.
Comment by
Cowtownskier on Jun 06, 2016 5:25pm
Those funds have two options at this point. 1.) accept whatever offer is presented 2.) take a 20% haircut from todays prices and sit in the penalty box for the next year and still be below the offer price.
Comment by
sunshine7 on Jun 06, 2016 6:31pm
Option 3: Be a part of the private consortium.
Comment by
Pj1958 on Jun 06, 2016 10:08pm
Completely agree CN.... $65 US or I will wait a few years for $100 US +. This is not a distressed sale , it might be in the penalty box , but ready to come out.