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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Graham Hickey who wrote (17074)	6/17/1999 6:34:00 PM
From: Ellie	Respond to of 62348

FMS.A/NA I read it as, FMS.A have 387.3M$ available, and there are 27,400M shares o/s. At $26.00/share, 14,896M shares, or 54% can receive cash. The balance of 12,504 shares can receive 1.3 units of NA or 16,255M shares. Unless a provision is made to distribute more cash and retire the shares, you may receive a prorated amount of cash and shares if more than 54% of shareholders choose the cash option. But then, is anyone here planning on holding a position until 3Q99 when this deal is to be completed?