I just read that BAX will offer their shareholders the option to trade in shares of BAX in exchange for shares of BXLT. Anybody heard of this? If yes what are the details and when is the offer supposed to happen? The Shire offer to buy BXLT sure makes BXLT a much better short term play than BAX which will be a long time recovering from their problems.
Is their any info on when this buyout is supposed to happen and what are the details?
BAX announced they plan on paying new dividend at about 35% of earnings. BXLT said they plan a dividend about 15% of earnings. Assuming earnings split of two companies will be about 55% BAX and 45% BXLT I would assume the new BAX dividend will be about 1.10 -1.15 per year. Either way the new dividend should be announced sometime mid August.