Strictly: Drilling and oil-field services 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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: upanddown who wrote (45803)	6/2/1999 4:55:00 PM
From: IndioBlues	Read Replies (2) of 95453

John, the HLX price is fixed. As I understand it, HLX shareholders will get .4614 shares of FGI based on FGI's June 1 closing price which translates to $7.55 per share of HLX. The following excerpt comes from a Reuters story: "Under the terms of the pact, which the companies call a "merger of equals," Halter shareholders will receive 0.4614 shares of Friede Goldman for every one share owned. The transaction, based on the closing price for Friede Goldman stock on June 1, values Halter shares at $7.55 each, reflecting a 20 percent premium over the average for the 30 trading days ended May 25. The exchange of shares is expected to be tax free and will be accounted for as a transaction."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next