RE: Once the dust settlesI read the news release again, and it looked like SEGB would be consolidated on a 2-1 basis. approx 14,000,000 = 7,000,000 million shares but it didn't say Sun Media would be consoldated in the same manner.
(The parties will enter into a formal asset acquisition agreement with a closing date scheduled for March 2005 or earlier. Also, as set forth in the Engagement Term Sheet, SEG will undergo a 2:1 share consolidation prior to the closure of this transaction.)
Therefore would'nt it mean that we have 7,000,000 million shares out of 327,000,000 or just over 2%..
This may still be a good deal ,but I hope I'm wrong.
Any comments.