My analysis is simple, and it uses data known now. If the exchange were to occur today, at NOK's current price of $7.70 a share, the .55 of a NOK share that I would get for each of my ALU shares would be worth $4.235. Since the value of the ALU share I give up to get that .55 NOK share was worth $4.93 at yesterday's closing, one should expect a significant decline today in ALU's shares. That logic seems pretty simple and straightforward to me.
A Nokia share is quoted now at $7.70. If the deal goes thru, you will get .55 shares for each of your ALU shares. Fifty-five % of $7.70 = $4.235. ALU closed yesterday at $4.93. That's a big part of today's decline.
And Einstein was a patent examiner in Bern, Switzerland's patent office in 1905 when he published 5 papers that revolutionized physics. Until 1909, he did physics in his "spare time."
Just because they are "2 brothers" doesn't mean much to me. If you will recall, the Wright brothers did OK for themselves, and they were "just" 2 bicycle mechanics, and 1 of them (Orville) did not finish high school.
Sorry. He is on my ignore list; so I did not read his post. I thought your post was for me. I should have looked more closely. I'm busy with some other work, and I just was careless. Hopefully, I'll do better next time!