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Laurentian Bank of Canada (LB $39.97)
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goeasy Ltd. (GSY $125.98)
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EQB Inc. (EQB $87.66)
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Propel Holdings Inc. (PRL $24.95)
Q: Hello 5i Team
With the buyout of LB at $40.50, which will occur Q3 2026 and current share price around $39.90, is it better to sell or to wait out the nine months to closing and collect 3 x $0.47 dividend plus sale price equal to $41.91.
Second, if I was to sell today, which would be the best purchase:
EQB
GSY
PRL
or allocate one third of the sales proceeds to each?
Thanks for great services 5i provides.
With the buyout of LB at $40.50, which will occur Q3 2026 and current share price around $39.90, is it better to sell or to wait out the nine months to closing and collect 3 x $0.47 dividend plus sale price equal to $41.91.
Second, if I was to sell today, which would be the best purchase:
EQB
GSY
PRL
or allocate one third of the sales proceeds to each?
Thanks for great services 5i provides.
5i Research Answer:
While there is a (slim) chance of another bid, with only 1.3% left to the buyout price, we would be fine selling, though for taxable accounts it is probably best to sell in January to defer tax obligations by a year. We would see GSY as the best replacement.