Voted no, short summary would be I think that there is better value elsewhere, in terms of share price, I would say that if the merger doesn't go through that SLR will most likely rerate higher, Red's SP will most likely rerate lower. I would say the main reason that SLR and Reds price are tied basically 1-1 is "shared equity of a merged entity", meaning that if the merged entity doesn't come to fruition that SLR will basically take equity back from Reds SP causing SLRS SP to go higher while simultaneously making Reds lower. (My guess on the rerate being something like 1.8-2ish SLR and .30ish Red if merger fails). What happens after a failed merger (in terms of direction) is any bodies guess since there is a plethora of opportunities to choose from.
In the event that the merger goes through, well it's already reflected in the current SP, it will most likely continue course of rising slowly and steadily in correlation with the POG (not 1-1 to general trend upwards).
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