Post by
CarsT1 on Jan 15, 2024 10:29am
Finally
Certain to close.
Minimal risk now to close - so to hold for March 31 close makes sense to some of us since that will entitle you to full 18.50 up front payment and for additional 0.61 CVR. For some people, why leave money on the table. For others anxious to move on - who can blame them as PCP and BAM have walked away with the company (and upcoming dividends in case no one noticed).
Thanks to everyone on the board for the past months who contributed to the discussion on this one.
Let's look for the next opportunity.
GLTA
Comment by
CarsT1 on Jan 15, 2024 10:55am
PS For those interested, based on math, at current price, holding this to March 31 close yields 10% annualized return based on approx 2 month hold to close date. I suspect hedge funds are moving on since they have access to other deals. GLTA
Comment by
gunner1324 on Jan 15, 2024 12:07pm
Would like to dump now but would miss out $1000 extra .
Comment by
Possibleidiot01 on Jan 15, 2024 2:35pm
The transaction requires approval by a two-thirds majority vote by Neighbourly shareholders and a majority vote by shareholders excluding PCP and its affiliates. The deal is expected to close by March 29, subject to customary conditions.