$18.25 would not be the least you could get. It seems to be a mid-range figure yielded by the detailed terms of the merger. People who are buying shares of IGT at $17 must think that the new company's shares will come in and stay at $16/share or higher. If the new stock performs like GTECH, then they're probably right. On the other hand, if it performs like IGT, then it could spend a lot of time below $16/share. We really need to see more information regarding planned dividends during the first three years of the merged company. Only that and a bit more confidence that the new company's chart would look more like GTECH's than IGT's would make me want to buy more IGT at today's price.
I don't know what you're all talking about.. but I'm getting no less than 18.25 /share for my 12000 shares. Probably much more because I will probably hold on to the 2300 shares of the new 7-8 billion market cap new company...I will keep for years. pocket my 164,000 cash plus 2300 share roughly. rock on! I may keep on buying these 17 levels.. it's a no brainer!
Sentiment: Strong Buy
Wrong. You get $13.69 cash for your shares, and then you hold .1819 shares of GTECH new company for each share. Good Luck getting a total of 18.25 out of that setup.
We don't know anything about the new company...will it have IGT and GTECH or just IGT and the ~$2Billion of debt.
I suggest you take the money now and run.
Sentiment: Strong Sell
Call me a crazy, but I bought more share too. All total, I will get cash back for buying the shares. I will also get shares of GTECH at a discount. GTECH will be listed on the NYSE. All seems to good to be true. Price seems to be fair, so I think the lawsuits will go away. Good Luck!