Bankers stock is currently offering a potential return of 22% to Geo-Jade Petroleum’s cash offer price of C$2.20 per share. We recommend that investors buy Bankers to take advantage of the 22% return to the offer price. We are of the opinion that deal risk is low. If the acquisition is not completed, Bankers benefits from a break-fee of US$20 mm (C$0.10 per share) and shareholders would continue to hold a company that is managed by a top-tier team in a potentially increasing crude oil price envi ....
21 Apr 2016
Ranking Increased to Outperform
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Ranking Increased to Outperform
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
21 Apr 2016 -
Author:
Darren B. Engels -
Pages:
7
Bankers stock is currently offering a potential return of 22% to Geo-Jade Petroleum’s cash offer price of C$2.20 per share. We recommend that investors buy Bankers to take advantage of the 22% return to the offer price. We are of the opinion that deal risk is low. If the acquisition is not completed, Bankers benefits from a break-fee of US$20 mm (C$0.10 per share) and shareholders would continue to hold a company that is managed by a top-tier team in a potentially increasing crude oil price envi ....