Australia's largest stock trading and investment forum Australia's #1 stock forum

KLA

0.00%

$52.69 kirkland lake gold ltd

KLA and Agnico merger - bad deal for ASX investors, page-13

First 13 Last

Share
Profile

Follow
bartosz

2 Posts.

27/02/22

16:29

Post #: 59853593
Share

Originally posted by Gprp: ↑

Dear Forumites ,

Usually , I am a silent participant in various discussions .

However , the merger " of equals " between KLA and Agnico is a very bad deal for the Aussie investors .

Reasons :
1) if successful , KLA will be delisted from ASX . The new entity will be listed in TSX .
2) There is no premium to KLA s/h for this merger , and the exchange rate between AUD/CAD brings a lot of uncertainties and further reduction in gains .
3) The merger will trigger a " CGT " event , hence it's a double whammy in terms of stock conversion to a new entity .
4) There are no many brokers in Australia that allow to invest in TSX , hence the cost is high .
5) Finally , the voting process shows the dishonest and unscrupulous company's conduct towards s/h.

Computershare is a registry for KLA . I own multiple shares , and the vote by proxy is always done online since I specified my voting preferences as online only .
Computershare sent the voting letter to my old address , and when I finally got the letter it states " mail or FAX response " by 23 November . I've contacted Computershare and it appears that KLA hasn't provided the details to vote online or to participate in the shareholders meeting . In a nutshell , the absence of the vote will be counted as "YES".

I have submitted a formal complaint to ASX and ASIC , but I don't have much hope with those clowns . I urge all the s/h to vote NO for the merger since this deal stinks .

Expand

Hi All

I'm in AUS and using SelfWealth to trade on ASX. How exactly do I proceed to get my shares of Agnico Eagle on TSX? KLA shares disappeared from my SelfWealth account and they didn't really give me any advice when I contacted them.
I have access to TSX through Dif Broker (based in Europe). Can I somehow use them to get my AEM shares?
I would appreciate any tips. Not sure how to proceed here, I've never been in this situation before.

Thanks!

KLA Price at posting: $52.69 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

There are more pages in this discussion • 38 more messages in this thread...

First 13 Last

Add KLA (ASX) to my watchlist

KLA and Agnico merger - bad deal for ASX investors, page-13

Top Stories

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Featured News