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11:08
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Originally posted by joewolf
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At the time of the MLT deal I had to establish a cost ratio and I tracked the arbitrage between SOL which had gone up way beyond fair value and MLT. At the time I established that a crossover value was around $28.50 for SOL based on the MLT price at the time deal was announced. So at $28.50 an MLT shareholder would have no implications. In reality the SOL share price within the deal was pegged at $31.00 There was a discount to NTA in the MLT share Price. The SOL share reached a high of $38.89 during the period of the announcement until it was concluded but quickly retraced its steps back to under the break even price I had worked out of $28.50 on 17 January 2022 it remained relatively near or under the price of $28.50 all the way to around 20 March 2023.
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interesting post - with the market like it was a few months ago I could understand their strategy - but with more stocks recovering now, one wonders, particularly if they have to pay a fair bit of tax
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