Post by
RagingBull3 on Nov 22, 2020 6:54am
"Anticipated annual run rate synergies of $1.2 billion"
Saving in just one year would pay for the Preferreds easily I think. Plus, companies can finance at lower costs than what the Preferreds are costing the company. Husky just financed at 3.25% I think. This is cheaper than what most of the Preferreds are costing.
Legal battle, which the company most likely going to lose, is going to cost them dearly. I can see not only the company paying $25/share, but punitive damages and court costs, IMHO. Not only this, for myself as a shareholder, I would trust the company LESS.....this probably would cost the company much much more down the road in terms of share price and additional capital investment or financing.
Company needs to set things right. It's what's best for the companies, IMHO.
All just my opinion.