Q: Now that Pki.ca has had their annual & special meeting what is your opinion of the result and is it a buy or hold? Thanks
5i Research Answer:
Surprisingly, 93% of shareholders approved the deal, and now a new company will be formed (SUNcorp LLC) which will trade. For now, we would HOLD but we think it may have reduced upside in the mid-term as the companies integrate. Depending on the reaction to the stock this week and in the next few weeks, we can see it as a source of cash for other ideas as they emerge.