From reading some of the posts on the CLNY and NRF message boards the last couple of days it looks like there is new posters - paid pumpers? - posting how great the deal is. It is for NSAM and CLNY.
I liked the article! NRF shareholders are getting a bad deal. Most thought NRF was worth a lot more or they wouldn't have still been invested in NRF. CLNY may be a good stock to own after the merger at a cost to NRF shareholders but that doesn't justify NRF shareholders accepting the deal just to get rid of Hamo.
much higher than normal volume? If NRF is a big loser in the deal who is buying? Is there something we are missing? Or is Hamo or CLNY buying shares to make the deal look better?
It will be 6 to 9 months before the deal goes thru -if it does go thru - and then it will take another extended period before any benefits for CLNY shareholders to take effect. Not much reason to expect share price increase or dividend increase till well into 2017. Also the savings of over 100 million should be looked at closely. They state the new company will be worth 58 billion. I would think there would be more savings than the 100 million. I can only guess what the market is saying but to me it looks as if the deal is not liked overall by shareholders of the 3 companies.
I agree that NRF is getting ripped off the most but looking at it from another prospective - Litt must have saw more value in NSAM over NRF since he bought NSAM shares.
I live in Sarasota and part time in Miami and yes there are help wanted signs everywhere but too many are at retail places - low pay and not 40 hours a week. Jobs that are supported by food stamps and some form of welfare. Also it looks like another housing bubble in Florida - there is new building everywhere.
At this time it is not a good deal for any one of the 3 companies. It may be a better deal for one company over another but they all sold off and 2 are taking dividend cuts.