Q: While very disappointed in what we will finally get for our PKI shares, I am thinking that the best option might be to take all SUN shares for my PKI shares and hope that the SUN shares go higher, perhaps closer to $44 over the next 6 months. I don't see anyone getting all cash for their PKI shares. What would you do with your shares? Also, I voted against the takeover and I am wonder when and how I will get the opportunity to indicate my choice of compensation? Thanks for your great service.
Q: Good morning,
This question relates to the upcoming sale of PKI to Sunoco.
If a person held 1000 shares of PKI and elected to take the cash offer of $44 and was not granted the full cash allotment, and instead received $19.8 per share held and .295 shares of the new Company he would have $19.8k plus 295 shares of the new entity.
Or at least some configuration of shares depending on the choices of other shareholders.
That being said, if one wanted to dispose of these newly issued shares, how does one go about it, and are there any tax ramifications to be aware of when selling American shares?
My cost of PKI shares is approx $38 Can. There may be a small cap gain depending on the value of the SUN shares.
Or should one just bail out before the new shares are issued?
Finally, what is your best guess at the share price of PKI, just prior to the official delisting and the creation of SUN?
This question relates to the upcoming sale of PKI to Sunoco.
If a person held 1000 shares of PKI and elected to take the cash offer of $44 and was not granted the full cash allotment, and instead received $19.8 per share held and .295 shares of the new Company he would have $19.8k plus 295 shares of the new entity.
Or at least some configuration of shares depending on the choices of other shareholders.
That being said, if one wanted to dispose of these newly issued shares, how does one go about it, and are there any tax ramifications to be aware of when selling American shares?
My cost of PKI shares is approx $38 Can. There may be a small cap gain depending on the value of the SUN shares.
Or should one just bail out before the new shares are issued?
Finally, what is your best guess at the share price of PKI, just prior to the official delisting and the creation of SUN?
Q: Does Parkland have any further upside