TSX:SGR.UN - Post by User
Comment by
maypeterson Sep 24, 2021 12:32am
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Post# 33912712
RE:RE:RE:RE:closing date for acquisition
RE:RE:RE:RE:closing date for acquisitionNot a slip but if you thought the deal would go through it was an opportunity to pick up some free cash.
Delisted because the subscription receipts will be exchanged for shares.
Read the press release and also if you get the chance. Pandora wrote: But you were saying on September 16th (6days ago) it would not be a bad idea to sell the units and buy the receipts and now today the receipts are delisted. Was that a slip?
maypeters wrote: did not see this earlier. The discount was quite a lot earlier. Even with same price you are getting $0.072 USD for each record date between the closing of the receipts and the closing of this deal today.
For 3,000 shares would have worked out to approximately $1,071 CAD before commissions (if there were 4 record dates in between - not sure if there were 3 or 4). Pandora wrote: maypeters wrote: I thought the deal is closing sometime in September.
Have they talked about the closing date ? With the dividend accrued since time of closing of bought deal - not a bad idea to sell regular shares and buy reeipts if one is confident the deal will go through.
If they are both the same price what is the advantage of selling the regular units (for a fee) and then buying the receipts (also for a fee) ?