Q: Good morning,
On May 5th the company announced that it has agreed to a takeover by Sunoco. The terms of the deal is cash and .295 shares of the new entity Suncorp.
My questions are two fold.
1. Is this new company, the old company renamed, or is this a spin off of the old company?
2. Assuming the deal goes through on June 24, how does the $44.00 price for each Parkland share work out, if the value of Suncorp is lower than the price of SUN at the time of the agreement?
3. That being said, do you expect the share price to rise to the value of the offer made, as the date of the vote nears?
4. Would you sell PKI if it gets to $44 or keep the shares of the new company?
On May 5th the company announced that it has agreed to a takeover by Sunoco. The terms of the deal is cash and .295 shares of the new entity Suncorp.
My questions are two fold.
1. Is this new company, the old company renamed, or is this a spin off of the old company?
2. Assuming the deal goes through on June 24, how does the $44.00 price for each Parkland share work out, if the value of Suncorp is lower than the price of SUN at the time of the agreement?
3. That being said, do you expect the share price to rise to the value of the offer made, as the date of the vote nears?
4. Would you sell PKI if it gets to $44 or keep the shares of the new company?
Q: what do you think of the deal on the table. Are shareholders getting fair value?
Q: Hi,
Sunoco has offered to buy Parkland @ $44 per share or for a mix of cash/shares. PKI closed at $38.25. Is this a good opportunity or is there a lot of deal risk? Little confused by the lack of stock movement. Holding a small position.
Thanks!
Sunoco has offered to buy Parkland @ $44 per share or for a mix of cash/shares. PKI closed at $38.25. Is this a good opportunity or is there a lot of deal risk? Little confused by the lack of stock movement. Holding a small position.
Thanks!