We had the pleasure of hosting David French, President and CEO, at the FirstEnergy Calgary office. Mr. French provided insight on the transaction and the process to closing. Post the update, we are of the view that there is less deal risk than what is implied in the current stock price, which is still offering a potential return of 20% to the offer price of C$2.20 per share.
23 Mar 2016
PROVIDES CLARITY ON ACQUISITION BY GEO-JADE TO FIRSTENERGY
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PROVIDES CLARITY ON ACQUISITION BY GEO-JADE TO FIRSTENERGY
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
23 Mar 2016 -
Author:
Darren B. Engels -
Pages:
3
We had the pleasure of hosting David French, President and CEO, at the FirstEnergy Calgary office. Mr. French provided insight on the transaction and the process to closing. Post the update, we are of the view that there is less deal risk than what is implied in the current stock price, which is still offering a potential return of 20% to the offer price of C$2.20 per share.