Tuesday, December 13, 2005

The deal is off for now (STZ and VN.TO)

The Motley Fool has a pretty good recap of the events that transpired. Also note that Vincor closed on Tuesday at $29.60, well below STZ's most recent offer of C$33-35. Well done Vincor management. To me this looks like a simple case of execs doing all they can to save their skin, shareholders be damned.

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