paid with sune stock ( next to worthless) and sune bonds (junk bonds at best) and $3 cash. rather take my chances as a stand alone company.
Immelt took over GE in 2000. on 6/30/2007 ge was 41.40 and div was .28 qtr.
1/21/2016 ge is 28.24 and di is .23 qtr.
Immelt will retire at 65 and ge still wont bee at 41.40. retire him NOW.
bge sold wagner point and brandon shores to ppl to get approval to merge with exc. ppl spun them off just this july for about $20. no exc to buy them back. either they are dumb or selling them n the first place or something they know we don't.
READ the tax laws.... Stock will be converted to new stock, not a cash out. DO you really think board of directors would structure a deal where they had to pay taxes?
buyers usually go down 7-10% on announcement day. will be back to 32-33 in 3 months. the unknown will be if the dividend is cut. all bets are off if that happens.
mutual funds could always sell ge for syf then buy ge back to get the 7.5% difference. you and I will not because of taxes and commissions...
Pepco bought Delmarva power years ago have the entire eastern shore of md.