Post by
9Islucky on Jun 30, 2022 8:39am
A devious theory
If Phantom believes that they can demonstrate that their offer is generous by comparing it with the GRB quote,what incentive do they have for the guote to increase? Assume they have watched GRB for a while and have amassed a large position? What would you do if you were them?
Comment by
BlackMazz on Jun 30, 2022 3:11pm
Coincidentally, I think that's what I read about what happened with Western Wind: large shareholder(s) pushed to accept the Brookfield offer, while the CEO wanted clearly more. I think Greenbriar, with the big ownership close to the CEO, can dodge that siituation and ask for bigger bids when offers come, taking the time that it needs to attain fair value for its assets, instead of quick cash.