It appears the deal will be voted on February 26 and most likely close within a week after that. WMGI is a HIGHLY institutionalized owned stock (basically 100%!) but BMTI has some retail so there should be some more posts here in the coming weeks (this is first post in 3 months or so!). I believe WMGI will be bought out for about a 30% premium upon Augment approval (just a hunch). WMGI will be considered very undervalued upon Augment approval IMO.
What is the deal with CVR portion of Wright Medical shares? I should have sold BMTI because I'm not sitting on 124.1 shares of Wright Medical plus the cash of 1.5 a share, which is less than the value of BMTI when the merger took place. Thanks for explaining.
The CVRs are worth about $2.60/share and you should have received 1 CVR for each share of BMTI you had. My CVRs just showed up in my account today but only as an untradable CUSIP number. Broker said up to a week until they get converted to tradable WMGIZ.
It is trading under WMGIZ you should have that in your account if you were a BMTI holder. Call your broker! If you had the shares in your name and kept the certificate at home you will need to fill out a Letter of Transmittal form and it could take a week or so for your CVR's, cash and WMGI shares. It sounds like your broker has not show your CVRs in your account.