Banca I.F.I.S Spa BNCIF

merger

[kcmkcm]

Considering at the merger details, for those looking to buy first cobalt (fcc) there is better value buying cobalt tech right now (csk)  1000 shares of fcc at today's high would cost $1090.  $1090 would buy you 4638 shares of csk.  After the merger you would get 0.2632 shares of fcc for every share of csk.  You would end up with 1220 shares of fcc which at current prices ($1.09, today's high) would cost you $1330.  I suppose the risk is whether or not the merger, which has already been aproved by shareholders, actually takes place.  And you might want to check my math on that.  Also, the numbers are constantly changing with the stock price of the two companies but do seem to stay in csk's favour.  It's possible I'm missing something so let me know if that is the case.