Yes but strategically this is a question of timing not merit. The Canadians are no slouches on this.
The release of the CMMC takeover news coincided neatly with run up to the Christmas NY break and many companies will be still brushing beach sand off their thongs, now kids are back at school and cranking up for this quarter.
They will have to act very rapidly indeed to catch this train. It could still happen but don't forget all the due diligence checking and financials they must have lined up first.
AOH Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held