RE:Tied to the hip or notI am one who has sold out the minor remaining position I had today in OH. I know nothing of CL and they may be an excellent company but I have to do a lot of due diligence before I would consider holding long term. They are newly listed and have a number of recent acquisitions to sift through to try to value. Trying to make sense of share price is hard when deal is straight up for stock. CL has had a huge run up to get over $15 recently and this may have been leaks about the impending OH deal (same with OH runup). If I look back to Mar 7, CL was at $10.70 and OH at $9.01. .8428 shares of CL at Mar 7 would be $9.02 so no premium to the OH share price. OH management may know something we don't and CL is way undervalued ...... but I am not impressed with stock swap deal with such a miniscule premium.
ERTguy wrote: OH should not be down 4% today when the offer was made on a fully diluted basis at basically a dollar above the current share price. This weakness really makes zero sense to me when a price tag is already put on the stock price. Normally it's the acquiring company that's in the red on an acquisition. This just baffles me