Richard Sands
Richard Sands
Richard Sands is employed in the American radio industry...
access against company information turned
Every overture that we had made to the company to access information has actually been turned against us.
access additional aware based believe best fully increase information interests price supports value
We believe it is in the best interests of Vincor's shareholders to be fully aware of our proposal, and our willingness to increase our price based on access to additional information that demonstrates and supports that additional value is warranted,
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.
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.
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,
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.
forward prospects
prospects Vincor has put forward that are speculative at best.
continue process
Constellation could not let this process continue indefinitely.
bid reason
There's no reason to sweeten the bid. Our bid is very sweet,
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.
absence accept available certain compelled directly given immediate offer opportunity realize value
Given the absence of any progress, we feel compelled to make our offer available directly to your shareholders, so they can accept this opportunity to realize superior, immediate and certain value for their shares,
benefits bulk buy center faculty health lower money profit saving small staff
One of the most important benefits of having a pharmacy at the health center is financial. With a pharmacy, we can buy in bulk and dispense medications at usually a much lower cost, saving our students, faculty and staff money and still make a small profit for the university.
canada core market
Through this combination, Canada will become a core market for Constellation.
additional pay placed proposal share
We have placed one and only one proposal before them. It's really a two part proposal. We will pay C$31 a share for a negotiated transaction without any additional information,