"A merger of this magnitude cannot but be the result of a long process of analysis and thought; I am convinced that many consulting firms have assisted the management of both companies to come to the decision to enter into merger talks."
Based on that, one would guess it may be the same firms that consulted with HP on the $11B Autonomy acquisition. You may want to look into how that turned out not too long ago.
Fact. Deal is not done until sometime in 2016. Until then, there are going to be periods where the two will trade in lock step and times they won't, based on whether it is believed the deal will or won't get done at .55 shares of NOK. Right now, .55xNOK = 3.61. Not much of a premium. You have to wonder if ALU (with Intellectual Property) is worth more going it alone. You want to see something more concerning than the ALU on year chart, look at the NOK one year chart. Looks like a mountain in the middle of a field and we are coming down the back side.
On the 1 year chart, with 3.44 breached, if we don't hold 3.25, it could easily retrace to 2.50 with a little support at 3.00. The stock has done good for me, but given management decisions, getting tougher to tell if it is a broken stock or company.
Long term holder with $1.53 average - watching the charts. Given the recent run, if $3.44 doesn't hold, next base is $3.25. NOK can only drag ALU down right now. ALU would be better off on its own. ALU has been volatile for years and will continue to be. Won't surprise me to see $2.90 before $4 again. Long and holding, but know how ALU moves.