new to the board, once the merger goes through what are the shares going to be converted to? WHT to IAG or IAG to WHT, to make it eqsier if I have 4000 WHT shares currently, what are they going to be once the merger finalizes? Thanks
4000 times .55 equals 2200
When the merger is completed, you will get US$0.55 IAG shares for each WHT share you own. Do the math.BTW: The IAG/WHT merger is a fair deal. Read the recent news.IAMGOLD and Wheaton River announce receipt of favourable fairness opinions on proposed business combination (Wed, Apr 14 - PR Newswire)http://biz.yahoo.com/prnews/040414/to068_1.html
JJP, You'll have 4000*.55=2200 IAG shares. The value of those IAG shares will be about what they were the day before the merger. After that they may go up or they may go down!