dan,
good to see you have rejected the dark side of the force.
LNC had a nice run today. I doubt shorters can hold a short position through a delist process to so that combined with the good news train is a nice combo in the runup to de-listing I think.
I expect the shorters will be forced to cover their ASX position prior to delist. The question is do they wait till the last minute to cover, cover gradually over time with steady price rising and risk of more announcements or do they just panic and cover immediately causing a big price spike. All of the above look good to me.
Once on SGX they may choose to take a short position there but i dont think they can come across as short without covering on ASX first. Anyone with any knowlege on short positions and delisting please feel free to comment.
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