BRP Inc. (DOO.TO) Tender Offer - Stocktrades Canada

Hi,

I guess everyone who owns some DOO.TO received a tender offer?
They seem to offer between 103 & 123$ per share (not sure how the final amount will be selected..?)
They mention in the offer that the largest stocks holder decided to not accept, while the 2nd largest decided to accept.

Any insight on if one should accept or not this offer?

Thanks.

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Asked on May 1, 2022 9:45 am

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Private answer

Thanks for your feedback.

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Posted by Dan Kent

Answered on May 1, 2022 2:15 pm

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This is a decision that is just made completely on a personal level. As someone who really likes BRP Inc and the long-term potential of the company, especially at today's depressed price levels, I'd have no interest in accepting an offer to buy my shares. In fact, even if they did offer me $123, I think the potential of holding this one over the next half-decade is much greater than that.

But, maybe someone bought BRP during the big correction in March 2022 and they'd be fine with taking 35%+ profits right now. Again, all personal really. I've got strong conviction in the company, it remains a core position in my portfolio. But, someone else may have a need for the capital, or have more doubts about BRP than I.

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Posted by Dan Kent

Answered on May 1, 2022 12:14 pm

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