Q: I hold STLC in my CAD account. In light of the agreement with CLF, would it be prudent to move STLC to my USD account before the agreement is finalized?
5i Research Answer:
We would not suggest it yet. Consideration is for $60 Canadian and 0.454 shares of CLF. If the stock was moved to a US account brokers would charge conversion fees to convert the $60 to US dollars. After the deal closes, one can move the acquired CLF stock over.