GREY:ELGMF - Post by User
Comment by
professon Jul 28, 2014 6:30pm
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Post# 22788939
RE:Mandalay Getting Elgin On The Cheap -
RE:Mandalay Getting Elgin On The Cheap - Yes Goldcross. The deal is a steal for Mandalay. But at least Elgin shareholders can retain an interest in Mandalay's success by opting for MND stock as part of the buyout offer. I see that Mandalay stock is fast approaching it's 5-year high of ~$1.25, and Elgin is pretty close to tracking it in line with the share exchange ratio of .4111. With Elgin already trading 6 cents higher than the .37 cent cash buyout offer, You have to be pretty desperate for cash not to take the full allotment of MND shares available to Elgin shareholders.
Go Mandalay Go!