Anyone know when NRGY shareholders will get SPH shares? I was led to believe that NRGY shareholders will get approx 1 share of SPH for every 10 NRGY shares they hold when transaction is complete? ??????
<<I'll assume 1 sh of SPH for approx. 2 sh of NRGY based on market prices>>
No. NRGY will receive about 13M SPH units which will be distributed to the holders of ~130M NRGY unit holders. If you do the arithmetic it will be 10-11 SPH units for every 100 NRGY units you hold, depending on the total no. of NRGY units outstanding, which may be a bit less than 130M.