Q: Hi,
Assuming the conversion from a trust into a corporation, and if you were holding the shares, what would you do as it pertains to the offer @$37 prorated based on the current trust holders choice. At a minimum one will get a third of their units in cash, and the balance is new shares. Would you take the money now and buy back the corresponding shares once the dust has settled? I don’t see the share price maintaining $37 over the short term, if it would, it should already be there.
Your thoughts?
Assuming the conversion from a trust into a corporation, and if you were holding the shares, what would you do as it pertains to the offer @$37 prorated based on the current trust holders choice. At a minimum one will get a third of their units in cash, and the balance is new shares. Would you take the money now and buy back the corresponding shares once the dust has settled? I don’t see the share price maintaining $37 over the short term, if it would, it should already be there.
Your thoughts?
5i Research Answer:
There is still about a 5% discount to the value of the offer, reflecting deal risk (low) and...