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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Post by chocolate1on Mar 08, 2016 4:26pm
122 Views
Post# 24636069

Do not sell your shares of MXI yet, offer from IMG coming

Do not sell your shares of MXI yet, offer from IMG comingOriginally I thought it could be at least a year before IMG would make an offer of MXI, but I am being told from a reliable inside sources that a DEAL HAS BEEN DONE! The cash offer from IMG is in the range of $0.35-$0.40 depending upon the value of the sale of the non-core assets that are presently on the market. Supposedly, the offer will come when the sale of the non-core assets are confirmed (not sure of that timing) So, do not sell your shares yet, pull them off the market and wait for the announcement....it could be anytime now.
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