RE: RE: still powerCongrats to all who spotted that LEX was undervalued and bought in before yesterdays announcement....you were all correct.
I have to say though, I think you were lucky that VG and LEX agreed to a merger....I don't think any of you predicted the merger which has led to your LEX stock being valued correctly. I think you all thought that LEX would simply make a further investment in VG.
Anyway....maybe just sour grapes on my part.
And yes I do have the maths of a grade 5 and can see that if you buy LEX stock at the current price, you are getting VG shares for 45c (if the deal goes through)....its called arbitrage!
Actually on reading the press release again its better than that. 1 LEX share gets you 2.1 VG common shares.....that means if you buy LEX shares you are getting VG shares for 42.9c (90c/2.1).
Anyway congrats again to all who owned LEX and saw a nice gain yesterday.