RE: RE: RE: RE: Termination Payments Seems pretty clear the plan is to sell the metals and buy equity. But they can't highlight that upfront because DSM still has some holders who believe in that story.
Merger should realize some synergy compared to operating two similar and even potentially competing companies.
I believe cash is worth more than the quoted market value of some of the lower quality investments that AAB picked up in the past 18 months. It's a buyer's market and fresh cash should have an opportunity to invest on very favorable terms, as Stein suggested on the call.