Sir Royalty Income Fund T.SRV.UN

The buyout price for the royalty fund

[jcw604]

How much per unit do they have to pay to get more 50% of unit holders to say yes to the deal?

[jcw604]

I think a reasonable price will be around 6.5 to 7. Anything higher than that will not make much sense for the buyer, because the pre-pendamic price is only 8-ish, unless it views the possession of the fund being a very good negotiation vehicle for getting the private company.

[wildrunner11]

@ I@ l'm actually happy Jane was not able to buy the full additional amount of shares, it worried me with Sir owning 20% and if Jane owned 20 % they would only need 10% to get control of the trust. So with Jane now having 13% it would take 17% to get control of the trust, a little bit more. If Jane and Sir come to some agreement we would not have much influence.@

[logicandinertia]

In Canada, you need more than 2/3rds, not just a simple majority, as per takeover law.   In other words, don't hold your breath...

[flamingogold]

So whoever wants control will have to pay up. Explains the language SIR Corp has been using.

[wildrunner11]

  thanks for the information, you never know who can make bedfellows. Maybe  Jane and Sir make a deal but for them to get 2/3 would require a decent price offer.