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.
5i Research Answer:
The acquisition has been approved by shareholders. Holders were to inform brokers of their selection prior to the vote, so we would expect a pro-rata allocation of cash and shares. There are still some approvals needed and SUN shares may not be listed for a while yet. We think post-closing there may be a bump, but overall we think selling for other growth ideas is likely the best call.