SI
SI
discoversearch

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 -- Ignore unavailable to you. Want to Upgrade?

To: IndioBlues who wrote (45806)6/2/1999 5:17:00 PM
From: Jon Cave  Read Replies (1) | Respond to of 95453
 
I don't think that the price of HLX is fixed. HLX's price will go up or down with FGI's. This is nothing more than multiplying FGI's price X .4614 on the day that the deal closes.



To: IndioBlues who wrote (45806)6/2/1999 5:32:00 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
Indio

You may be right but you can read that story two ways.

1. The deal gives HLX a fixed value of $7.55 in FGI stock

OR

2. The writer used the FGI price on June 1 to place a CURRENT value on the deal.

If the deal was fixed at $7.55, then the only arbitrage would be on the deal falling apart. Seems like the spread would be narrower since it is friendly.

Anyone know for sure ?

John


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News