Prem Watsa's business style on display in financing deal

[oldye]

http://www.canada.com/business/fp/Prem+Watsa+business+style+display+financing+deal/1971735/story.html

[Parsad]

Interesting!  Five years ago, Prem couldn't get anyone to lend him money other than a few close friends (Cundill, Southeastern, Markel, et al) and today the institutions are giving him discounts to do business with them.  Why not raise a crapload of equity and buy back Odyssey!  Cheers!

[tyska]

So is this all about the volume off shares these investors wanted to buy. Otherwise they could have been buying them at a discount all summer. Or are they interested in buying in once ORH is going to be folded in.

 

Dan

[Uccmal]

I expect it has to do with the volume.  Thats what makes this so interesting.  FFH is now large enough to attract big institutional investors. 

[Partner24]

FFH is now large enough to attract big institutional investors.

 

I wonder who are our new business partners. I've took a quick look at Sedar and Egdar filings, and didn't find anything related to that.

 

 

[tyska]

Was also thinking that with the increased float, it might take some of the volatility out of the stock. It's been a fun ride so far. Also refreshing to see a company not giving discounts on their offerings.

 

Dan

[triedtestedand]

The (financing) deal is done ...

 

http://www.fairfax.ca/Assets/Downloads/Press/fpr2009-09-11.pdf

 

Now how about that ORH deal? ;-)