i will reject the deal, page-20

"2. Why does the money always have to be recovered in the same stock? Assuming the takeover goes ahead when SLR increase 50% from today's prices you'll get your 60 cents back."

It doesn't always have to be, but the bigger the company and capitalisation, the harder it is to get a substantial increase.

Consider:
Your target of 60c has been achieved and passed in IGR 5 times in its history.

To get the 50% increase you suggest in SLR, it would need to go from its current $2.60 to $3.90 - a level it has never yet reached in its history.

Admittedly, IGR had fewer issued shares - but then so will SLR after this exercise. Basically, had IGR been managed well, I believe it would have been able to achieve 50% growth from current levels than a combined SLR would.