Does anyone have an idea of how many shares current shareholders of CHK will get for Seventy Seven Energy?
From what I have read, some are valuing 77 at $2 billion of $2-$3 per share of CHK. So I guess that it will be 1 for 10 to 2 per 10. WAG
How does this affect options? If you automatically get shares of 77 energy. I would imagine that CHK would not gain in share price because of it. It would seem it would hurt options