Post by
carlocarli on Jul 21, 2023 1:48pm
Poor timing, according to the Globe
This Globe and Mail article makes the case that the timing of the sale is unfavorable nd that there might be no bidders. It also analyzes the degree of interest of the main possible bidders.. It make interesting reading: https://www.theglobeandmail.com/business/commentary/article-handicapping-the-race-for-laurentian-bank/
Comment by
DeanEdmonton on Jul 22, 2023 10:23am
Pretty good overview in my opinion. Like I said earlier, I do no see one of the big Canadian Banks buying Laurentian. If someone of the smaller players does show interest will be at quite a bit lower than book.
Comment by
RayDonovan78 on Jul 26, 2023 10:41am
Once again another Management and CEO failure.
Comment by
pierrelebel on Jul 27, 2023 5:18pm
"... I do no see one of the big Canadian Banks buying Laurentian...." Power Corp (also based in Montreal) could be the ideal buyer, and with a market cap slightly under $2 billion for LB, would be easy for Power to absorb. I could see $50/$55 per share in a combination of cash and POW shares.