Trying to understand impact of SOBO Spinoff on TRPI have combed through piles of posts and material and cannot find the price placed on SOBO stock once it is spun out from TRP. I get the fact that for every 1,000 shares of TRP equates to 200 shares of SOBO. I did a bunch of calculations last week and expect TRP stock to fall back to $48 - $51 price range. Given the current price of SOBO is hanging around $30 per shares I am wondering if TRP will open around $31 - $34 on 2 October. Makes no sense for TRP to fall to this price, but who knows. The other scenario I tell myself is SOBO will drop to $12 - $14 range.
I experienced a few buyouts and spinoffs in the last couple of years and the final settlement price was above to buyout price
Thoughts comments appreciated.