Q: Further to my question re: a bought deal. I read i that the deal was for $ 92.50 a share US that is approx $123.00 Canadian. If shares were trading at a higher level prior to the deal - approx $126.00 - ( mind you they were around the bought deal price a week ago ) what is the "bought deal" part of issuing new shares?
I have read that term a few times and seen the stock prices for stock react wildly from the announcements - I am unsure what it mean or what the implications are.
I have read that term a few times and seen the stock prices for stock react wildly from the announcements - I am unsure what it mean or what the implications are.