Arbitrage Plays Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Arbitrage Plays

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (204)	3/16/2000 4:44:00 PM
From: Allen Furlan	Read Replies (2) of 376

Paul, a neat thing you can do on these share offers is to go into yahoo charts and bring up daily table which you then convert to spread sheet by selection at bottom of table. The 30 day average can be calculated and for fnf that average is 13.154 If absolutely no one chose stock and you requested stock and fnf decide to go with 52 then you would get 52/13.154 or 3.953 of todays 16.75 stock. That is an incredible 66.21. Reality is that fnf will offer lesser, maybe about 49, and some holders will still elect cash but most will elect stock and if for example your cash pro ration under those circumstances was 30 dollars then (49-30)/13.154=1.44 shares or 24.12 in shares and 30 in cash. I don't understand todays buyers paying that much unless the closing is delayed so that their stock settles so that they can elect stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next