The expectation is that the new shares will increase over time as they have bought GCO very cheaply. Providing former GCO shareholders with a good return. However there is NO certainty of that so DYOR
Bloody marvellous - not!
So when a quoted company buys another company, you're supposed to get a premium to the current share price aren't you? So what happens here. At the current APC price, GCO shares are worth 0.96, 4% less than the current bid. Marvellous, it could only happen to me :(
I already have some apc bought just below 30p (sold half of those too early in bounce) ...now sold my remaining gco @1.07 this morning cos that is a little higher than apc's current price ...hoarding my cash
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