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Prime Restaurants Inc. to receive superior offer from Fairfax Financial


ourkid8
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Notch up another company in the Fairfax portfolio if it goes through.  First William Ashley...now Prime!  For anyone going to the Fairfax AGM, you will now have to go to Biermarket and have their fantastic mussels.  Support the company!  Looks like we will see a couple more new CEO's at the AGM and possibly our dinner this year.  Cheers!

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"Prime Restaurants (TSE:EAT) said Friday it will seek the advice of the Superior Court of Justice in Ontario, as to whether or not the take-over bid it received from Fairfax Financial (TSE:FFH) is superior to that of Cara Operations"

 

http://www.proactiveinvestors.com/companies/news/21635/prime-restaurants-seeks-advice-of-superior-court-in-cara-fairfax-tussle-21635.html

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Yup, as I said, they settled for some piddly amount.  They just wanted their pound of flesh because they got outbid. 

 

Two entire non-insurance businesses now within Fairfax.  Keep them coming Prem!  We'll have plenty of questions at the dinner and AGM.  ;D  Cheers!

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