Q: Hi Team,
What to do with Meg shares? Was a headline on BNN yesterday touting there will likely be no other suitors for Meg for a higher offer. Do you agree with this ? I am currently up 8% on the shares. Do I continue to hold out for a higher offer or cash out? This was an arbitrage play for me.
Thanks ,
Shane
What to do with Meg shares? Was a headline on BNN yesterday touting there will likely be no other suitors for Meg for a higher offer. Do you agree with this ? I am currently up 8% on the shares. Do I continue to hold out for a higher offer or cash out? This was an arbitrage play for me.
Thanks ,
Shane
5i Research Answer:
MEG shares are still trading higher than the value of the offer. The current offer is open until September 15, and there is lots of time if a third party wants to show up. There is a risk if the deal fails, but for now we would be quite comfortable holding.