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ralfalf

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ralfalf

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Sunday, 10/25/2020 4:22:02 PM

Sunday, October 25, 2020 4:22:02 PM

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Up 34% to $3.18 on takeover offer and big volume. Was halted once already on Friday.

https://www.richmond-news.com/chorus-aviation-shares-surge-34-per-cent-after-confirming-takeover-proposal-1.24226231

"Walter Spracklin of RBC Dominion Securities Inc. said he's not surprised that Chorus is a takeover target because of its unique business model and resilient cash flow streams from the fixed-fee nature of revenues.
Spracklin suspects the interested party is likely a Canadian-domiciled financial sponsor rather than a strategic buyer given the weakened state of the global airline industry and foreign ownership restrictions.
This report by The Canadian Press was first published Oct. 23, 2020.
Companies in this story: (TSX:CHR)"
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