•Mercer exits race for Fibrek

[Stone19]

http://www.reuters.com/article/2012/04/30/us-fibrek-mercer-idUSBRE83T0MA20120430?feedType=RSS&feedName=innovationNews&rpc=43

[racemize]

is it not a free 8% arbitrage at this point then?

[rijk]

offer is cash & shares, shares only, or cash only, the last two prorated...

 

abh shares have declined, so mixed and share only offer is worth less

 

i imagine that the lock up holders would elect for 100% shares, which would almost leave sufficient cash for the remaining shareholders to elect cash only????

 

regards

rijk

 

 

[Parsad]

is it not a free 8% arbitrage at this point then?

 

Unless Abitibi gets a takeover bid!  ;D  Cheers!