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  5. ITP: Can you explain why ITP is trading more than $1. [Intertape Polymer Group Inc.]
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Q: Can you explain why ITP is trading more than $1.50 under its acquisition price of $40.50? Is there a risk that the deal won’t close?
Thanks
Dave

Asked by David on May 16, 2022
5i Research Answer:

There is still a time-to-close discount, with closing expected 'in the third quarter'. In a scared market investors will sell anythng. Investors may simply be raising cash and ITP because of the takeover has been a relative outperform this year (by not going down!). We see nothing to suggest the takeover is not intact and would not suggest selling.