RE: RE: Bought in Without a bigger picture plan, this deal stinks as a straight merger. Great for GO, and a huge anchor for WFE.
The market is responding to this deal on the merits of the merger alone - and as you can see, thats roughly a 20% reduction in WFE`s value.
I don`t buy the argument that WFE mgmt endorses this deal on the merits of the merger alone. In my view, there is a missing piece to this story. In due time, we will find out.
I still remember back to Bulldog - a deal I hated so much, I dumped my shares in discust (held them just long enough to vote against the deal), and bought other members of the sector. The deal went through regardless, and over the next few years, it would have been my best holding if I`d kept it! What stank at the time, turned out to be higly lucrative to those shareholders who held on. This time around, I`m jumping in, not out.................I don`t know the big picture, but I think if those on the inside like it, I will too.