Q: I have just received an announcement of a mini-tender for Loblaw stock by TRC Capital. It gives Loblaw shareholders the following options: Option 1: To receive $111.11 for each share of Loblaw; and Option 2: Not Participate (Default Option). I have 2,100 shares of Loblaw at the present time. Please advise which option I should take. Thank you for your kind attention.

A: Loblaw Companies Ltd., $119.50, symbol L on Toronto (Shares outstanding: 316.9 million; Market cap: $37.6 billion; www.loblaw.ca)is a recommendation of our flagship publication, The Successful Investor. It is now the subject of a “mini-tender” offer from TRC Capital Investment Corporation.

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On August 3, 2021, L Brands (old New York symbol LB) became two separate firms: Victoria’s Secret and Bath & Body Works. Investors received one new share of Victoria’s Secret for every three shares of L Brands they held. L Brands then changed its name… Read More