First to 19.9, and then the tack taken from there to 50.1.
There is always the option as FM has alluded to on numerous occasions through a takeout of THX and then a split-up of THX assets if the THX board wanted too much for its UMC holding.
But just speculation, and others here will have a far better handle on the possible routes to 50.1 once 19.9 is reached than me.
The question ATM is what price constitutes a "discount". Not an easy question to answer given current market conditions.
BUSH
UMC Price at posting:
$1.15 Sentiment: Buy Disclosure: Held