DB. will sell to another large investor... you may have a new large investor interested besides the one's already on board.. should have no problems with this transaction.. BOI is already a safe investment...
i doubt it. he had plenty of opportunity at 24c to 27c if he wanted cheap. he's just happy to make millions and move on. the next stage of gains will be slower and suited better than to the long term holder. there's also the Boucher factor. if he is moving on soon Watsa might fear his departure will stall the share price. he could be just preempting any news.
i think this was always on the cards. the 40c is a big wall to climb and the big guys cashing out was always a risk. The sale price is between 35 and 37. i assume demand will be what decides where the final price will be. that is going to be important for bkir . the closer to 37c the better for the shares progression over the next few months. the more worrying thing is the rest of his holding. no matter what he says now everyone will be waiting for his complete exit just as in the case of Ross.
the bad news is the 40c May bash might need to be postponed a while. The good news is, eventually this sale will lead to a more stable shareholder base. if noonan would do something similar so much the better.
... not to worry.. any large deals would be done by large institutions themselves.. not an open market dump.. there are several large institutions that would add more shares like capital , like fidelity, like blackstone.. the shareholders meeting is around the corner..
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