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IAMGOLD Corp. Message Board

  • jjpasha jjpasha Apr 23, 2004 12:25 PM Flag

    Another question?

    So, would it be better owning IAG or WHT till the day of the merger and after the merger is completed?

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    • "would it be better owning IAG or WHT till the day of the merger and after the merger is completed?"

      That is two questions ...

      Another poster has mentioned it is better to hold WHT for now in that it has that extra premium to catch up on ... and I agree with that analysis ...

      I hold some IAG, but mostly I hold WHT for that reason ... any new money should go to WHT ...

      As for "after the merger", there is no WHT after the merger and the only one will be IAG ...

      Regards ...

      jc

    • I prefer WHT because it is trading about 25 cents lower than the .55 ratio. In the end, eitherWHT comes up a quarter a share, which means money in my pocket or IAG comes down. Something in between is more likely. But since the .25 premium is favoring WHT, I'll buy it. Expect this premium to be reduced to zero by the merge date. Already the two stocks are not trading in lock step with each other the way they did initially.

    • jjpasha,

      IAG and WHT will become a fair exchange at the time of the merger, based on an independent financial analysis of the arranged exchange. So, it will not matter which one you buy. However, I prefer IAG because the new company will issue one share of IAG and WHT shareholders will only get 55% of IAG.

      I like to keep it simple. You have one share of IAG right now. You will have one share of IAG after the merger.

 
IAG
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