RE:AJC aquisitionsorry i need to correct myself.
The AJC discount is not that large!
Gotta price out the dividend. Record date is August 29th. thats before the AJC - SAM deal will happen.
So if you price out 0.02$ dividend. you have a fair exchange rate value of 0.18 SAM = 0.06 AJC.
Now if you adjust a 10% risk the deal falls apart: 0.06*0.9= 0.054
Basically AJC a hold at current SAM SP.