Author Topic: •Mercer exits race for Fibrek  (Read 2314 times)



racemize

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Re: •Mercer exits race for Fibrek
« Reply #1 on: April 30, 2012, 07:14:23 AM »
is it not a free 8% arbitrage at this point then?

rijk

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Re: •Mercer exits race for Fibrek
« Reply #2 on: April 30, 2012, 07:31:30 AM »
offer is cash & shares, shares only, or cash only, the last two prorated...

abh shares have declined, so mixed and share only offer is worth less

i imagine that the lock up holders would elect for 100% shares, which would almost leave sufficient cash for the remaining shareholders to elect cash only????

regards
rijk


Parsad

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Re: •Mercer exits race for Fibrek
« Reply #3 on: April 30, 2012, 11:17:26 AM »
is it not a free 8% arbitrage at this point then?

Unless Abitibi gets a takeover bid!  ;D  Cheers!
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