Post by
Houndtrader on Jul 26, 2006 10:15pm
What Happens???
If Find starts to trade over $10.00 again?Isn't the take over for less than $10.00? Gas ended up over $7.00 the last I looked,so you'd think with gas rising,so should we.
Hound
Comment by
shotski on Jul 26, 2006 10:29pm
you get .465 shares of SHN.UN for every FE. SHN.UN closed @ $ 21.70.
21.70 X .465 = 10.09 Today , but SHN.UN will be worth less when FE is taken over because of divy's between now and the transfer date. So that is why FE is tradeing a little lower.
Comment by
Mexp3 on Jul 27, 2006 11:59am
If im right after today the spread should shrink from 40cents to around 20 cents
Comment by
Houndtrader on Jul 30, 2006 11:48pm
Yhanks I just thought if shn.un was trading over $23.00 and we started trading well over ten, it would change the calculations.
Hound