That is confidence in this deal.
What happened to all those who said share price will increase when merger is approved?
Looks like market does not like this merger.
So how do they get share price back up if the deal and dilution is so high that LNCO cannot increase dividends?
And what do you think would have happened if the merger was voted down? The Monday trading session was a lose - lose situation for long termers, me being one of them. However, a day's or a week's trading doesn't concern me. Let's see where we're at this time next year, and let's see what happens if a divi increase is ever announced.
In my view, this is 'sell on the news'. LINE is fairly predictable since they hedge so much--if they can pump the oil, they should be able to meet their numbers. Management has repeatedly stated this merger will help with DCF. If they do, the stock will follow. I'm going to get jest a lil' bit more tomorrow.