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Just sold mine @ 600.5p
Same here, I'll wait till the meeting on Thursday and probably sell soon after if it looks like nothing else will happen.
Yep, but you'll only get £6.05p after the acquisition. Hardly covers the fx costs of $ to £ on dividends or the 15% withholding tax.
So unless they improve the offer I'm out at a profit and may use to acquire Avon Protection given what's happened there.
595p today, that's more like it.
Might be because of the hassle , eg you can grab it at 5.65 today or wait for £6.05 but ~ 50p of that is tied up with Norton. Thus you would have to sell to realise it, facing both trade costs and FX. To many, that's just not worth it plus of course there is the 15% withholding tax on dividends.
That's why I'm struggling to understand why the current price isn't nearer £6.
Working that thru, surely the $7.61 + 0.0302 is better value isn't it? Probably not done it right but with 1.38 fx rate and $24.77 SP, that's roughly £6.00 vs £5.20. Apols if I'm repeating any earlier unread posts?
Price still seems to be drifting down - is it now mostly affected by the $ exchange rate?
Is there a solely cash option?
All I can see is 2 cash + Norton shares options.
$7.61 cash + 0.0302 Norton
or $2.37 cash + 0.1937 Norton
https://investors.avast.com/media/1438/rule-27-announcement-final.pdf
@jlovie No. it really doesn't, if you have chosen the cash option.
Most shares going down at the moment? Check out Darktrace my friend…
Doesn't that depend on how the Norton share price goes?
If nothing more happens in the takeover/merger saga, then we get a fixed price >600p per share in a few months time. Why are people selling at <580p now? It's not like there are many other investement opportunities that need the capital right now - if you look at the longforecast for the FTSE indices, you can see that you have until Jan/Feb 2022 before the FTSE starts to improve. People might as well leave their money in here until the final settlement from Norton - most other shares are going down in value, right now. At least with this share you have a guaranteed >600p sale price when Norton take over.