Post by
moloko on Aug 18, 2014 12:25pm
question
Will this be an automatic payout of $31 or do we have to alert our online broker that is the option we've chosen?
thanks
Comment by
whodathunkit on Aug 18, 2014 7:56pm
You should receive something in the mail for you to send back with instructions as to how you want to proceed. You could reject the offer outright and if enough people do that then the deal doesn't go through. Cheers.
Comment by
Dibah42 on Aug 20, 2014 7:17am
Obtained an e-copy from broker and trying to wade through. Damned thing is 104 pages LOOONG
Comment by
StocknerdEQcool on Aug 20, 2014 9:25am
Good reading material in bed. Fell asleep after reading the cover page 1000 BA shares will get back 637.1 BCE shares, and no dividend for October. Wow !!! Good accounting recommendations !!! Geez I have nothing against Bell, but have doubts about the future of telecommunications in general... And of course the divy income!! Any thoughts???
Comment by
yu20 on Aug 21, 2014 1:45pm
BA: 1sh * $31.00 = $31.00 in cash. BCE: 637.1sh * xx = $----- Did BCE say what the share price would be at the time on the exchange?
Comment by
rosebank on Aug 21, 2014 5:57pm
Options are as follows: (a) 1 share of BA => $31.00 (b) 0.6371 shares of BCE @ $31.00 / BA share; gives BCE shares valued at ($31/0.6371) $48.65 (c) $7.75 & 0.4778 shares of BCE => gives a BCE share value of $ 48.66 (($31-7.75)/0.4778) Bottom line: if BCE shares rise above $48.66 if is best to elect to recieve BCE shares; if BCE shares fall below $48.64 take the cash.
Comment by
MOJOJONO on Aug 28, 2014 1:10am
Hmmm... it is hard to say if pro-ration will kick in as BCE is a somewhat in demand stock.