The muppets who thought $250m was value have dropped out because of a mismatch in expectations LOL!
Gee what a surprise, good news in this large mismatch in expectations means any bidders left to make final offers are going to be WELL ABOVE the muppets that called for $250m.
IMO we are looking at a likely result of $450-500m, with some luck possibly slightly over $500, those multiples are not even close to demanding when looking at previous deals done by Canadian pension funds, I would say $500m would still be cheap for them, all it needs is someone to push them that high, TLS would likely be in the mix but by my calcs would stop around $450m.
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