re: Ann: Forge shareholders approve $19.5M pl... hi,
Emde, I do not think you have to offload any shares.
the directors will be selling their shares to clough for the above mentioned stake which of course requires shareholder approval. The letter today clarifies the proposal and states that the competing offer is not a superior proposal.
I guess the question is is this strategic alliance going to be EPS accretive ? the board states that it would be , and this is what we would be looking to achieve . additionally this may lead to a synergistic operation that would compund the benefits to shareholders. There is no doubt that the directors are selling their shares cheaply and so was the placement but would this deal in the long term benefit shareholders is the question.
Does anyone think that the alliance would be detrimental?
To value FGE , this stock is cheap , forecast EPs of 44 cents , which puts it on a very low PE. Still a way to catch up to intrinsic value.
Good opportunity to buy at tis price in my opinion.
cheers
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