Pivot Technology Solutions Inc. T.PTG

Sweetened Deal - Narmac ?

[alhiemstra]

The arrangement agreement includes customary non-solicitation provisions applicable to Pivot

Does this mean they cannot entertain other possible offers ?
Or just cannot solicit them but pay the $2,000,000 penalty if another better offer comes on its own ?

[narmac]

,,,alhiemstra,,, I cant answer that,,,,not entirely sure what other deal agreements were when they had other companies start bidding the take over higher. I am sure Echelon is scratching their heads,,,,,,,I am disappointed with the level the take out is being made at,,,,,,the deal share price is just north of where I first started buying PTG,,,,,,only for the dividend this would have been possibly

[snootchybootchy]

It would be great if something like what happened with the Pacific Insight Electronics takeover happened again. A chinese firm made an unsolicited superior offer for the company pretty late in the process. Although the better deal never did go through, the share price did spike up to the superior offer price giving retail investors a chance to sell at a higher price. Not sure if Chinese companies

[wobbles]

Some competition on the bid would be welcome, though I would never approve a sale of anything I am invested into an entity from China. To each their own, and I hope the 'hostilities' between Canada/USA and China continue. Pivot's status as "non-exclusive preferred system integrator and channel partner for Smart Edge based solution" with Intel was the main reason I added a

[janeintoronto]

Pivot won't be paying any more dividends during this takeover agreement, so the Sept div. is the last.  I was looking at Compucenter Plc. It looks promising, has been moving up, but its dividend is small & would be taxed, even if I could figure out how to buy it.  

[narmac]

,,not sure if you understand but that 10% average dividend from PTG could be substituted by a blue chip play and a few sold out of the money calls,,such as BNS,,,and of course a few others.....possibly a much safer play going into 2021,,,,and place bigger hedges with in the money calls on run ups,,,,,,,just an opinion,,!  Try it,,,,,,you will like it,, :o) ,,,,,!

[narmac]

,,me chewing gum,,tapping my toe with arms folded waiting for a rival bid...!!!  :o)

[lscfa]

Let's see if the fairness opinion in the circular is backed up with some analysis. Most times there is simply a letter that says they have considered everything and in their opinion it is a fair bid.  Also, Raymond James just raised its price target on Converge.  

[lscfa]

    Pivot Converge Target Price $3.300 $2.800 2021 eps $0.220 $0.183 Forward p/e 15.00 15.30  

[snootchybootchy]

Sold one-eighth of my shares in T.PTG to buy some V.GRB yesterday as I didn't want to miss out on some potential catalysts. Hate to see the rest of my shares sitting there earning nothing while the stock market is running so hot. Anybody have any thoughts as to when another party might come in with a better deal?  Maybe a better question is at what point do we give up hope that there will

[risky]

I'm like you, I am sitting on a 25K block and have no incentive to sell at 2.55 when the selling price is 2.60. I can wait for the sale to go through, and then decide what to do . It;s likely thaty 2.60 is the final price after all, the companty was a red hot perfect company for the picking, but never got picked. I would be shocked to see a counter offer at this stage , but it would sure make

[narmac]

Insider activity???...,,,,no activity after June 25th,,,,nothing sold by insiders ,,,only shares bought on and prior to June 24th......

[TOP3STOCKS]

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