RE:Eldorado SP droppingI couldn't agree with you more Tom. I think the deal might fail at ELD's current SP. I guess ELD and Integra planned that adding ELD to the GDXJ will support ELDs SP. Wonder if they were surprized when ELDs SP immediately dropped 10% after the announcement? If ELD really wants Integra bad enough, they might revise the offer by raising the number of total shares to equal $1.2125.
All those who have bought in after the announcement will probably vote yes as if the deal is voted down, Integra's SP will dropped back to between $0.80 and $0.90 per share and they'll be down 25% on their investment, IMO.