Q: Hey, guys. When a parent company plans on selling a smaller company it has a controlling position in on the open market, or spinning out the smaller company's shares to its shareholders (ie pbg and pbn), would it make sense for that parent company's management to first privately solicit offers for that smaller company?
I took what I want to be a long term position in mic this morning on the earnings and increased dividend news. However I'm wondering if my tenure as a shareholder in mic could be curtailed by genworth financial looking to unlock the value in genworth canada by putting the company up for sale.
Your insights are appreciated as always.
I took what I want to be a long term position in mic this morning on the earnings and increased dividend news. However I'm wondering if my tenure as a shareholder in mic could be curtailed by genworth financial looking to unlock the value in genworth canada by putting the company up for sale.
Your insights are appreciated as always.