So the Saputo bid for WCB has closed with Saputo only getting to 87%.
There seems to be buyers there still at around $8.50.
Why would anyone in their right mind still want to buy WCB shares at that price without any takeover bids coming???
WCB are now trading on a P/E of 32, and a dividend yield of just 1.5%.
Surely the share price should drop back down to around where it was before the bidding war? Around $4.50?
why would anyone buy now????
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)