it really depends on the structure - if it is a takeover then...

it really depends on the structure - if it is a takeover then there are two options, cash or scrip. either way the offer may incorporate a control premium - higher cash price or more favorable scrip ratio.

if it is the "merger" that is reported above, then it may very well be different in terms of a premium but then again theoretically you would hold stock in a merged global business and not necessarily tied to the economic performance of one region.

but yes, you would lose out on the potential cap gain that was expected of SGN in the near to medium term (assuming their turnaround actually worked)