Replies to post #11006 on Syncora Holdings Ltd. (fka SYCRF)

[rockraider3]

The cash purchase price for SGI represents a premium to the closing share price of Syncora's common stock on March 1, 2019, the trading day prior to the announcement of the process.

This quote right here is insulting to every stakeholder in Syncora. Their big spin is that the price is justified by the share price from 5 1/2 months ago. WTF. Congrats BOD, at selling at a deeply discounted, distressed valuation. Nevermind all the comps that say that it's worth a lot more (70-80% of book). Nor the fact that the market is virtually at all time highs, last week or so notwithstanding.