Q: Any recent comments about the possibility of an increased offer ?
Jerry
Jerry
5i Research Answer:
The market now certainly expects one, with the stock higher than the current $3.40 US bid. The company formed a special committee just nine days ago. Considering the stock was near $40 in 2021 and went public at $25, we are fairly sure Telus has left some room here to bid more if needed. This doesn't assure anything, but we think a 50-cent bump or so would smooth things out and get this deal done.