The announcement comes amid unconfirmed reports that the Waterloo, Ont. - based company (TSX: BB) may go private — a move that could result in one or more investors
buying out other shareholders and delisting the stock.
Why didn't
he buy out the other shareholders then?
It said that Kroenke was ramping up the cash reserves in the club, as this would give him better credit amongst lenders, in order to borrow the money to buy the shares at a cheap rate, when it comes to launching a bid to
buy out the other shareholders.
Not exact matches
On the
other hand, a tender offer priced so close to the market might lead one to think that management is trying to
buy back shares on the cheap, and in effect «cheat»
shareholders out of the significant upside I, at least, ascribe to BBX shares.
What concerns me though is these
shareholder disputes often get resolved with a transaction — one party
buys out the
other, or an acquirer barges in.
ETF for India, China, Vietnam, etc.)-- Vanguard is good; I am in process of replacing the TD eFunds with Vanguard ETFs (I should have done it much earlier but they were under in my RRSP, it should have not mattered, the corresponding ETFs were low too)-- Big companies are good (McDonalds, Starbucks, Pfizer, WM) until they are not so perhaps I should get rid of them and
buy more Vanguard ETFs —
Buying distressed companies could be a winning proposition but have I very mixed results so better not (BP and Transocean
bought after the oil spill, Nortel, BlackBerry, and Nokia — BP and NOKIA good, Transocean under not much, but under, BB very, very bad, and Nortel no comments)-- Berkshire is very good as it is a kind of ETF but what would happen after Warren Buffett (who would have thought AIG would need to be bailed
out and the
shareholders wiped
out in the process or
other cases where individuals brought companies down for example Barings the oldest bank in England)
•
Shareholder and partnership disputes, where one party is seeing to
buy out the
other, or where minority
shareholders are claiming unfair prejudice
In the same way
shareholders benefit by owning stocks in
other corporations, the stockholders of a REIT earn a share of the income produced through real estate investment, without actually having to go
out and
buy or finance property.