Offer is $2.63 plus 1 COF share for every 19 FCO shares.
Based on today’s price there is a significant upside to buying FCO and getting the 1 COF share. When the bid was made COF was at $2.77. COF is trading at $3.15 right now.
Very LOW risk trade as Board has recommended the bid and significant upside, do the math’s. Both companies have recently announced significant profit upgrades and there is still a chance for a counter bid for FCO.
Regards, SQUAWK
FCO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
