Lion own 10% of the stock, so they are the only shareholder that can make this deal go through, and they are the only ones who can stop this whole thing dead in its tracks.
If they refused to budge at $9.60 a few years ago, you can bet that they won't take $8.85 now.
I question the whole point of this bid by Saputo, perhaps it is being done to get hold of Sandon's shares.
Legally, we are entitled to exactly the same as whatever Lion gets.
WCB Price at posting:
$8.84 Sentiment: None Disclosure: Held