DLS 0.00% 69.0¢ drillsearch energy limited

4myego, could you please explain how this merger of shares is...

  1. 6,257 Posts.
    4myego, could you please explain how this merger of shares is going to happen technically...the ann states that gog share holders will receive 3 DLS shares for every 1 GOG share being held...now doesn't that mean that this merger is actually a take over of DLS by GOG??...and what happens to DLS holders??..do we get 1 GOG share for every 3 DLS shares we hold or what??...merger/takeover technicalities appear a bit hazy to me...anybody care to light it up a bit for me??...and for other DLS holders as well I suppose cause I bet not everybody knows or understands the fine details involved...cheers despite having no idea:-)
 
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