Q: If you held OGN today how would you react to the offer and why?
You can get $1.93 in the market or elect one of the Stock/Cash/Spinco options.
Thanks Hugh
You can get $1.93 in the market or elect one of the Stock/Cash/Spinco options.
Thanks Hugh
5i Research Answer:
We think it makes sense and is good for OGN shareholders. They get to participate in the future growth of the combined company, a decent premium, a new dividend and a spin out new company. The spin out is interesting and the outlook for the combined company looks good. We would be comfortable tendering for TFPM shares. It has exposure to one of the best gold discoveries in recent history. The vote is June 27 and we would contact brokers to verbalize intentions.