as far as I can see it will apply for the whole offer period which means both ADN and MEP will trade as per normal but share price should reflect the ratio of the deal
there could be significant volatility
effectively MEP share price should reflect 1.15 times ADN share price .. If it does not there is arbitrage at play
furthermore, MEP holders have pro rata exposure to the spin off but I don't know what the record date is for that
So yeh I think there will be horse trading of shares in a big way this can be positive and negative but that's markets .. what it does though is remove some of the uncertainty surrounding the relationship and ADN control which is now total
pity about the DFS being delayed but I suspect there will be big news in the interim
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