GREY:GLNIF - Post by User
Comment by
porksnifferon Jan 23, 2015 3:21pm
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Post# 23357181
RE:RE:RE:26.50 in cash per share or 0.4974
RE:RE:RE:26.50 in cash per share or 0.4974
There is little to no chance of getting all shares. Most of the time these types of deals end up prorating, half shares half cash even if you choose all shares. Even at that, $13.25 + some BCE shares should be worth near $27.90 assuming Bell @ $59.00. Obviously the large discount og GLN is due to percieved risk of the deal failing either through regualatory or from BCE repricing the deal because of Target. I doubt any of this will happen but that should explain the discount. Being undervalued will be the legacy of this company, at least this is how I'll remeber it. Even in a buyout it's still remains undervalued and giving me an ulcer. Hopefully it all goes through smoothly for everyone.