some thoughts...
for those of you with questions, assuming deal is approved (it will be) one day in November you will look at your account and the money will be there and your shares won't . there should be no fees. anyway, here is a post that i put out on the UPM board on Yahoo Finance. For newbie investors, as detailed below I WOULD NOT SELL MY SHARES NOW, even though you can get .20 today vs. .20 in Nov., UNLESS you have the opportunity to invest into a co. that has developed a new car that runs on air or your dog has learned to speak and you want to take him on the road. I think that there is a VERY GOOD chance of another offer.
Analysts say ...Repap not cheap....
1. many believe that Repap was undervalued at $.065 (i did so i bought 150,000 shares) although they have a heavy debt load they were making money (after debt payments) in the last 2? quarters and with paper prices increasing & new mgmt. i expected this to continue. I am a bit disappointed in the buyout, having had dreams (perhaps unrealistic) of $US .40 / share. but i'm not complaining w/ a double. it is not always easy to find another Repap which i saw as a low risk chance (all things considered) w/ a potential to return $1.00 per share in 3-5 years (on a .07 investment!). SO: UPM having paid US$.136 is not an outrageous price, i disagree w/ the analysts here.
2. UPM needed a foothold in N.A. and this was a PERFECT deal for them, look at the details and you will see that they were / are VERY afraid to lose it, getting options to buy 19% of shares PLUS getting 3rd Ave and Toronto Dominion buy in b4 the announcement.
3 MOST IMPORTANTLY: RPP.TO is currently trading at CAN$.20 and RPAPF is trading at US$ .135. This IS the buyout price and it is UNHEARD of for a target to trade at the buyout price UNLESS there is a good chance of another offer, ie. me and other investors would rather have 13.5 cents today (for sure) today instead of 13.5 cents in Oct - MAYBE (something could happen, the plant could burn down, US goes to war w/ Canada, who knows...) SO: I am holding, i think that this deal is assured so i am banking on the CHANCE that another offer is made.