Hidden Content - Working on a $1 million portfolio and $30k per year from it.
Seems it will be some time before shareholders get that $25.50. Considering low dividend, it may be just as well for shareholders to sell now and deploy their funds in other ways?The transaction is subject to customary closing conditions, including receipt of all regulatory approvals, and is expected to close prior to the end of the third quarter 2017.
^^^^^^ agent99- agree that should sell now ($25.25) and deploy elsewhere
but why isn't it trading now @ $25.50 ?
Still slight chance deal does not close or another bidder comes in.
I only have convertible debentures, so will hold them until the end and continue to collect the 5% coupon interest.
I usually sell if there is a takeover offer. You can wait a week or two and see how the stock is trading; if it matches or exceeds the offer price, it means the market is anticipating an increased offer or competing bid. Otherwise, just sell - the stock usually has maybe a 0.5% per month to expected close as a discount to the offer, a discount for the time value of money. 1% is pretty tight though. It doesn't seem like a great offer to me; it was trading higher just 5 months ago.
Yeah, but D+H is headed downhill and needed saving. What it traded for 5 months ago is not relevant when one is standing on jello. I'd take the money and run.