RE:RE:RE:RE:RE:RE:RE:Confusedstone69 wrote: Thanks for your reply RF..... I guess I haven't identified what I'm looking for properly. I get the 79% of MC which translates into SP, and I understand that a price seems to have been set at the time of the announcement. However, as AEM's SP has gone up and potentially could go a lot higher before this deal is approved are we....KL shareholders still stuck with this lower number or will our shares be tied to the higher price that AEM is at.... so lets just say that AEM goes up to a hundred dollars which on the 79% formula would value KL shares at $79 rather than the ten day average or whatever they used prior to the announcement or are we still only getting the much lower amount... around $ 50 ? That's all I'm trying to figure out....
if you currently hold 100 shares KL WHEN THE DEAL CLOSES and KL is at $60.00/sh you will get 79.35 shares of the new AEM. The dollar value of the holding will remain the same, your share count will be reducred and the price per share of the new AEM will have risen to $75.61.
This will be at closing date and KL and AEM price per share will continue to move until close in roughly that ratio up and down depending on market conditions. There is no set dollar amount and no deal until the votes and deal is closed but the ratio is fixed.