Greetings again from Boston.
Quick hit here. I am hearing from a few dependable sources that things may be inching closer to a sale of the Ontario Teacher’s Pension Fund’s shares of Maple Leaf Sports and Entertainment. One source told me that they have heard Rogers has made a significant offer for Teachers shares. Another said that if a formal offer has not been formalized the parties are in agreement as to what the offer would be.
Is a sale days away? Weeks? I am not sure. However it is the loudest noise I have heard in a long time with multiple sources all singing the same sort of tune.
Stand by for more information.