Q: Thanks for your rapid reply to my question but I just have a quick follow up to the last line of your response which was: "Investors may also take some profits post closing, potentially causing an overhang and keeping buyers today on the wary side. "
If we are talking about post closing, then OH shareholders will have already received .8428 shares of CL for each OH share which would put them well ahead of where they are now based on the current disparity in prices between the two companies. Thus, rather than be wary, at this point they should be buying to take advantage of this disparity.
Thanks again.
If we are talking about post closing, then OH shareholders will have already received .8428 shares of CL for each OH share which would put them well ahead of where they are now based on the current disparity in prices between the two companies. Thus, rather than be wary, at this point they should be buying to take advantage of this disparity.
Thanks again.