RE:RE:What exactly is the offer I would say hat the valueof the bid is going to be dependant on the GBP to CAD excahnge rateand the share price of GTE yiu se to calculate the value of 1 GTE share /207 ITE shares . Yoday that will result in:
10.43, pence at 1.73 = 18,043 cents
207 share equiv at a $10,65 GTE sp = 5.144 cents
Total value today 23.18cents
As I said before, we would get the dividend if there were no takeover
You can work it out every day to youur heart's content but the result is that is too little and, to my mind, the future GTE share price would have to be $24 minimum to represent fair value to today's ITE shareholder and, since reaching that lofty level is impossible for GTE, the "deal is a steal."