The 3B got issued on the 11th- last Thursday, so most AZH holders already have their shares- potentially, if not practically, putting price pressure on TRY. It can take some time after new shares roll through the system, for a suitor company to get some stability, and get rid of some "unnatural" holders in the new company.
Interestingly, the market cap of TRY and PRU are now the same, after PRU's rout today. The TRY dividend might be diluted to share around with the new holders, but it should still be decent, imo. It's something to look forward to.
price expectation, page-2
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