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some of you don't get it. The stock is already trading with the new shares priced in. So the stock has not dropped by 5% which means we get 5% more shares and the price is the same. Enough.
It is already priced in. The only reason it did not trade down is due to the upgrade.
'Doing well but since May2002 ($35.20) 5:4 split/ not at all impressive. I sold months ago and bought back. Holding for takeover. Hope it is soon. This is nothing left for VLY but the buyout.