Glentel Inc GLNIF

26.50 in cash per share or 0.4974

[itsalie]

which is it? if its .5 a bce share then this should trade a 29 bucks?

[barog4451]

Presently, it looks likely to be about 50-50 cash-shares if you ask for BCE shares.   You will get the cash tho if you were to ask for that.

[itsalie]

would make sense to buy more then as bce is trading at 58 buck.. if it stays that way your 25 dollar gln share is worth 29 bucks

[porksniffer]

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

[itsalie]

as I understand it the option for all shares is on the table.. given that, and assuing the deal goes thru, (which seems very likely) there is an easy 10% to be made in a very short period of time with very little downside risk.. 

[ascii2]

I agree with porksniffer that "Obviously the large discount of GLN is due to percieved risk of the deal failing either through regualatory or from BCE repricing the deal because of Target.". With 127 less Target Mobile stores it looks like is 8-9% less stores if we take total around 1486 stores. But that possibility looks remote to me since Roger is sharing 50% cost in cash instead of