Deal questions for board ? Appreciate some insights! 1.Stock Closing prices Dec15th :
Aph(tsx) == 10.32. Cad
Tilray (nasdaq) == 7.87 usd/ (aprox 10.00 cad@1.27 rate )
so both stocks were almost the same price at the end of the day . If this is so why do we get a .83 exchange rate on tilray share and not closer to 1 to 1?
2. Assuming the .83 rate is what we get and two investors hold a 1000 Aphria shares each .
investor A has 1000 on nasdaq and investor B has 1000 on tsx.
Do both investors end up with rhe same number of Tilray shares . 830 shares in usd ?
3. Today Tilray trading is much much stronger than Aphria on tsx ( where I hold my shares )
Supposev this continues and Tilray goes to 15 usd and Aph goes to 7cad .
Do I still get the same number of Tilray shares at the close of the deal even though the Aph share value has declined ?
4. Given the proposed deal ,is there any value now in purchasing Aph shares ? If not , is it fair to say that Aph share price is irrelevant ? All that matters is Tilray ?
I have not found myself in this takeover position before with USA and Cad exchanges involved .
Would greatly appreciate some informed insights
thanks in advance