"Under the transaction, Bolnisi shareholders will receive 0.682 Coeur shares for each Bolnisi share they own, and Palmarejo shareholders will get 2.715 Coeur shares per Palmarejo share held. Bolnisi is Palmarejo's majority shareholder, with a 73.6 percent stake.
Based on Coeur d'Alene's closing stock price on May 2, Bolnisi holders will receive the equivalent of $2.76 per share, and Palmarejo shareholders will receive $11 per share. That's a 9 percent premium on Bolnisi's stock price on May 1 and a 40 percent premium on Palmarejo shares." ...
Those who hold Palmarejo shares directly certainly seem to be getting a much better deal than Bolnisi shareholders.
BSG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held