Richard Sands
Richard Sands
Richard Sands is employed in the American radio industry...
absolutely actions baffled company consider growth offer potential statements undermine worth
Year-after-year growth is what makes a company worth more, not one-time synergies that undermine potential growth. So we are baffled by their statements and their actions and absolutely do not consider our offer in any way opportunistic.
amount assertion buyer contained disagree information investor realize
We disagree with a significant amount of the information contained in the investor presentation that you have disclosed on your website. In particular, we disagree with your assertion that Constellation, or any other buyer for that matter, would be able to realize synergies of up to $150 million. In our view, the so-called synergies that you have outlined are completely unrealistic.
available based best both cash convinced fully information offer per share terms value
We are convinced that our $31 per share cash offer is fully priced based on the information available to us, and is the best alternative for Vincor's shareholders, in terms of both value and certainty.
build circumstance continue delivering growth move priorities record track value
In these circumstances, we will move on to other priorities and we will continue to build upon our outstanding track record of delivering growth and value to our shareholders.
amazed exactly saw top totally
I'm totally amazed at what they do. I saw exactly what they were doing from the top of my house.
forward prospects
prospects Vincor has put forward that are speculative at best.
continue process
Constellation could not let this process continue indefinitely.
anyone basis evidence information
Absolutely, especially if we had the same information that the other bidders have . . . To date, there's no evidence that there's anyone else who will make an offer. So we don't see a basis for anything but the $31 at this stage,
canada changing consumer demands good job trends
They've done a very good job in Canada of changing as consumer trends and demands have changed.
asked sign
They are doing ... what we have asked them to do, which is to put a 'For sale' sign on the company,
bid reason
There's no reason to sweeten the bid. Our bid is very sweet,
available competing decision evaluate information point
If circumstances change, and there was a competing bid, we would evaluate any information that was available and make a decision at that point in time.