GREY:ESOFD - Post by User
Comment by
bridgetonowhereon Aug 28, 2013 7:07pm
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Post# 21704789
RE:premium
RE:premium@patientriskyinvestor - PLS's operator status is unrelated to AMW's market discount vis-a-vis FCU. The market has decided that FCU is the dominant company and the only premium AMW shareholders can expect from a union with FCU is the AMW/FCU market discount. It's also all AMW shareholders are entitled too because it's a swap and not a cash deal and give nothing up in the arrangement. AMW shareholders still retain their share of PSL but the market gives it a higher multiple. The fade in today's trading prices is testament to the discounts. So would you rather trade at $6.75 with two companies, or $7.25 with one company.