RE:RE:RE:RE:SOLDcrazytimes wrote: Argo... We are getting .0185 shares of Alamos. If the alamos shares are trading higher we would still get .0185 shares creating a higher cash payout if they continue to rise. Just my opinion.
Under the terms of the Agreement, each Argonaut common share outstanding will be exchanged for 0.0185 Alamos common shares and 1 share of SpinCo2 (the "Exchange Ratio"). The Exchange Ratio implies estimated total consideration of C.40 per Argonaut common share, or US$325 million. This represents a 34% premium based on Argonaut's and Alamos' closing prices on March 26, 2024 on the Toronto Stock Exchange ("TSX"), and a 41% premium based on both companies' 20-day volume-weighted average prices. Total consideration includes C.34 of Alamos common shares, based on the closing price of Alamos common shares on the TSX on March 26, 2024, and SpinCo common shares with an estimated value of C.063. Alamos expects to issue approximately 20.3 million common shares as part of the Transaction, representing an equity value of approximately US$276 million on a fully diluted in-the-money basis, and an enterprise value of US$516 million.
Almost always, the acquiring company's shares go down after announcing an acquisition. Don't count on it happening