Smith (DS) Share Price (SMDS)

IP share price now $35.33.

So $35.33 x 0.1285 and divide by exchange rate of 1.24 suggests to me that the bid is (at this moment in time) worth £3.66 per SMDS share.

Yes the market maybe thinks (or hopes) Mondi will come back.

Or maybe that the IP share price will increase (due to the "synergies" of the combined company?).

Or maybe not enough people have bothered to read / understand the terms of the offer and think it is for £4.15.

It's quite an interesting situation - I have made my risk/reward decision, good luck to you all in making yours.

Not nonsense at all - market is where it is today because there might still be a counter offer from Mondi. If Mondi drop out you will see the sp tracking the IP sp which at the moment means the sp & the offer would be around the £3.71 mark . Do you not understand the RNS ?

What nonsense. Market also indicated otherwise.

Yes grumpy

I had worked that out as well - also sold this morning when I realised. Personally I can’t see Mondi coming back in -

Chaps,

The headline "offer is for 415p per SMDS share" is bol***ks.

It is an all share offer, which will go up and down - presently, based on IP closing yesterday of (less than) $36, it values our shares at 371.8p each according to my calculations.

I have consequently sold £50k SMDS this morning.

Of course if Mondi come back I will have egg on my face.

Good luck to you all whatever you decide to do.