RE:RE:RE:Present share priceapparently they had some advisors and their own people analyze the deal for fairness. if you actually believe it is meaningless does it make you wonder why pipestone did not get a better offer - or they decide to pursue the deal? either something is very wrong with pipestone assets or they see promising upside in strathcona. just my 2 cents. i personally expect the eastern well results to be bad.
tylerreddick wrote: There is only an arbitrage opportunity when you know the value of the two entities.
We have no real idea what Strathcona is worth, only the "valuation" that the deal was based on, which was the share price of PIPE on the day before the deal was announced. I have never seen that done before, probably because it is totally meaningless.