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Paragon Offshore plc Message Board

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  • jayjayvee jayjayvee Jan 10, 2011 12:24 PM Flag

    Deal Sucs

    Not so fast: the div/share of DUK will be adjusted after the share issuance. I believe there's already a dividend rate projected post-merger that gives PGN holders about a 3% premium over the current payout.

    It's not the bonanza you have suggested!

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    • Isn't this just another case of the big boys taking care of themselves?

      Articles in today's newspapers state that DUK needs this merger a lot more than PGN partially because of their last merger.

      Take a look at Yahoo's estimated earnings for both companies and guess whose estimates next year are less than this year's estimates.