There was so much negativity about such a big acquisition that even a slow progression is fine. People were afraid of the size of the deal. It's a name that will provide some growth for us.
There was no robust auction that I could see. It's been a bizarre process . . . For all the effort and bravado, it's amusing.
I sense management has been put on a time line. People are looking for an event to surface value.
We're basically in a hold position. We expect more, and hopefully we'll see more.
People want producing assets to take advantage of the high commodity prices. You may be seeing a bit of a preview of next year, when metals might outshine energy stocks.
It's a positive environment for Canadian stocks right now. We seem to be going into an extended cycle of rising commodity prices. Takeovers are creating a lot of action, supporting valuations.
The Canadian stock market will continue to follow resources. Rothmans will also be a negative today.
I don't see the incentive to tender our shares. We expect more, and hopefully we'll see more. There may be some players we're not aware of yet.
I just don't buy the story that Zucker will walk away, because he'll trash his own holdings. There's some value there and I think someone will get it.
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