RE:My rough calculations on the OBAN dealRYG VWAP was roughly 12 cents. RYG shareholders are receiving ~20 cents per share in stock(which is better than cash) as a result of the share conversion. It's currently trading at a discount to to cash(which is 18 cents) and the takeover price. This deal will likely go through because the shares of these companies have been accumulated by insiders and people close to the insiders. Their is free money on the table - with the assumption that Oban doesn't totally tank, which I don't think it will given its dormid state the last couple years and thin selling on the ask of late.
I bought this at 10 and bought more at 14, so I support this deal.