Dividend Growth Investing and chit chat. 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 : Dividend Growth Investing and chit chat.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Investor2 who wrote (2113)	8/17/2022 12:45:59 PM
From: SeeksQuality	3 Recommendations Recommended By ddbpaso Markbn rnsmth Read Replies (1) of 2146

I'm wondering the same myself... It looks like a pretty good deal -- you get NEOG shares at a 7% discount to market. You might be able to tender your shares and immediately sell for a profit? But life is never that simple... If it is truly a good deal, then you would expect institutional shareholders to tender their shares. And if the bulk of the outstanding MMM shares are tendered, only 3% will actually be accepted/converted. Alternatively, institutional shareholders may know from experience that the selling activity following the conversion will depress NEOG shares for a time -- making it less of a good deal than it first appears. If I wanted to own/hold NEOG, then I would tender my MMM shares and see how it unfolds. In this case I have no interest in NEOG and thus will let others roll the dice.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next