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U.S. and Canadian stocks were mixed as the energy sector advanced despite weak manufacturing data.
True :) I remember when the announcement first came out in Dec we were at 8.00 US = 9.33 Can now with (0.7893 exchange rate Jan30), we...
at the rate the loonie is falling, it's like getting a new higher offer for TLM everyday (for canadian investors)
Another offer at this stage is very unlikely. In any case a 75 cent loonie would be nice...just like a higher offer!
Close Jan 29, 2014 CDN/US ratio: 0.7913 TLM (TSX): closed 9.37, discount 7.32% TLM (NYSE): closed 7.44, discount 7.00% Read more at...
the breakup fee is only $270 mil or about 25 cent/share. Any new offer higher than 8.25 USD could take TLM from Repsol but no show yet.