Q: Hi!
What percentage chance do you give of the buy out failing?
Cheers,
David
PS It took tremendous skill...but I did manage to avoid profting too much on CIX.
What percentage chance do you give of the buy out failing?
Cheers,
David
PS It took tremendous skill...but I did manage to avoid profting too much on CIX.
5i Research Answer:
Don't feel bad; CIX was as high as $36 ten years ago. The deal needs Canadian government approval, and being in the financial sector makes it less than a slam dunk. We would give 15% to 20% odds of the government blocking this. Low, but more than most.