RE: s/p @ 7.65?** is it really a merger of Equals?I haven't done the math. With the
Equinox Minerals bid @ 4.8 billion.
Should ludin shareholders receive 50% of the new Symterra?
like I said, i haven't done the math on what the ratio of ownership in the new Symterra would be after immet and lundin combined....well let me correct this...I have just made a math calculation.
here: per yahoo key stats: reconciled new company
lundin 580.58 shrs. outstanding (x)times propose Symterra .3333 = 112.34 symterra shares.
Inmit 61.55 shrs. outstanding (x)times propose symterra 3.4918= 214.8 synterra shares.
If that's correct where is the Merger of equals?
looks like Inmet gets 214 mill share and we Lundin get 112 million shares of a 9 billion combination.
Did I make a mistake? If not. we needed the Equinox Minerals bid to get our Fair share in the merger as a Merger of Equal would be a 50/50 split wouldn't it?
https://www.lundinmining.com/symterra/Material/circular_SEDAR.pdf
""Effect on Lundin Shareholders and Inmet Shareholders
Pursuant to the Arrangement, Lundin Shareholders will receive, for each Lundin Share held, 0.3333 Symterra Shares
and Inmet Shareholders will receive, for each Inmet Share held, 3.4918 Symterra Shares. The exchange ratios represent no
premium to either Party based on the 30-day volume weighted average price for the TSX for each of Lundin and Inmet to
January 11, 2011. After giving effect to the Arrangement, all Lundin Shareholders and Inmet Shareholders will have
exchanged their Lundin Shares and Inmet Shares, respectively, for Symterra Shares. See “Part I — The Arrangement —
Effect of the Arrangement — Effect on Lundin Shareholders and Inmet Shareholders”, “Part I — The Arrangement —
Details of the Arrangement — Arrangement Steps” and “Part I""