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Will ELF.to go private?


StubbleJumper
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This morning ELF.to announced that they will sell their P&C arm to Travellers for CDN$1.1 billion.  This will apparently be a cash transaction closing in Q4 2013.  So, my question is what will the company do with $1.1B?  It is already majority owned by the Jackman family...so will the cash simply be used to take the company private?  And at what price would this reasonably occur?

 

Just navel gazing...

 

SJ

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