RE:RE:Price likely to rise todayNo, we get either .607 OR the shares.... This is a terrible deal. We're being bought out for a measly ~10% premium... "Under the terms of the Arrangement, each holder of Gear Shares will receive $0.607 in total consideration per Gear Share, consisting of, at such Gear Shareholder's election: (i) $0.607 in cash per Gear Share; (ii) 0.3035 common shares in Newco ("Newco Shares") per Gear Share; or (iii) a combination thereof, subject to proration and consideration caps set out in the Arrangement.
MRG_WPG wrote: So we get .60 and shares in a spinoff as I understand it. I guess we have no way of knowing what value the spinoff will bring. It is worth at least .60 right now if someone was to buy. Do I have that right ?