value realisation, page-3

Thanks for the reply cdchi1

As an example, if a scrip offer from SYR for CSE was at a 10% discount to the underlying SYR shares held by CSE then:
- SYR would obtain the SYR shares at a discount to market value
- CSE holders would get a step up in value from the current discount and would continue the ride
- CSE could get capital gains relief (Assumption, not fact)

i.e. No cash, just a rearrangement of the holdings to remove the 30% (?) discount.

Wouldn't this be beneficial to both SYR & CSE holders, of which we are both?

I'd be happier if a Chinese company took out CSE with a highball bid to get a strategic stake :-)