Post by
wilwal on Aug 05, 2015 9:35am
Risks of deal falling through
There are a number of hoops to jump through here.
1. Long Run shareholder majority vote.
2. Foreign investment review by federal government
3. Subject to financing
4. MIE shareholder approval (one shareholder has over 50% and is in favour but could pull out for $25 million)
5. TSX approval
6. Massive change of market conditions up or down to cause MIE or LRE to pull out.
7. Probably more, those are just off the top of my head.
It is not expected to close until late November so a lot could happen between now and then, at least 3 1/2 months. That's why the market is reluctant to full value this right away and it will take some time to build confidence.
Comment by
Shlinker_ on Aug 05, 2015 9:59am
Good post Wilwal....and we sit and wait.