Q: Hello 5i, Could you comment on the takeover of OGN as to the options for current shareholders and what is the deadline date for choosing the options.
5i Research Answer:
The meeting for the takeover is June 27. We would submit instructions to one's broker several days before that, at least. Cash terms are $1.63, or 0.0536 TFPM stock. Each OGN share will also get 0.25 shares of the spin out company. The split of cash/stock will be pro rata so not to exceed 50% of each. One can choose either cash or stock, but will in all likelihood end up with a combination thereof. Investors who do not choose will only get stock.