RE:With a cool headrinm99 wrote: Can someone confirm that my calculation are good this morning:
So final deal is that we are ALL ALLOW to the at least 37% of the Ryam share part! Meaning that all share holders have the same right!
If its the case, at the current level of RYAM at 15,38$, the real price of each share of tmb the deal is around 4,30 $CAN!
Am I right?
Oups Ryam is at 15,68$ now ;)
Using your number of $15.68 per RYAM share here is how I figure it out.
.63 shares TMB X $4.05 = $2.55
.37 shares TMB converts to 0.085 shares of RYAM X $15.68/share X 1.3459 $CAD = $1.79
Total share would convert to $4.34 ($2.55 + $1.79) this morning...
So yes, close to $4.30 as you mention
$USD to $CAD Conversion as I write this post is 1.3459
One has to watch RYAM share price and $USD to $CAD conversion on a daily basis. The 0.63 Shares of TMB to cash is a given.
I have read that the deal is expected to go through "Second Half" of 2017...
I have not confirmed details of whether each individual shareholder will be offered the 63% and 37% deal, or what. However, my expectation is the shareprices will play out like the above example.... It is beneficial to hold at this point in time as TMB is trading at $4.15 so that means to hold is worth a 19 cent premium today.
So here is the gamble.... Do you sell all your TMB shares today, sacrifice your 19 penny premium and just buy RYAM? (which has jumped over $2.50 USD since the announcement).
I read that with the merger, Rayonier expects $2 Billion in sales with $400 million EBITDA which is 5X. Is that decent lumber people??? I am just a dirt farmer who knows a lot more about growing crops vs. lumber industry.
Thoughts anyone?
And Good Luck!
FI4