Photography, History and Whatever Else Strikes my Fancy.
So, Riverside stock shot up from $23.50 to over $30/share after the $29/share takeover bid by Tolko. Allan Thorlakson (founder, president and CEO of Tolko) owns 19.9% of the shares in Riverside. In round numbers, based on the report values in the news stories and the stock prices, the value of his stock went up roughly $15 million today. Basically this guy, already one of the 100 richest people in Canada, made $15,000,000 today for just talking about buying more of a company he already owns roughly 1/5 of.Oringinal post: http://mbarrick.livejournal.com/537474.html