> Thanks in advance,
> Onionrage
Not an expert on CL/ ML, but normally after the merger the shares ofthe acquirer drop back, as there are stray holders who took the shares(possibly for tax reasons) and let them go.
You need to watch carefully ML post merger, they will have a hugeacquisition problem on their hands, and the rationale has notpersuaded the market (hence the drop in their share price). Empiricalstudies of most large mergers tend to show that they reduce totalshareholder value.
Even though you have to pay capital gains (maybe time to realiseoffsetting losses in other parts of the portfolio) it might be worthtaking at least some cash. Bird in the hand being worth 2 in thebush.
Note I think there is some anticipation of a higher offer before thebid is agreed. Normally in hostile takeovers the acquirer has toraise his ante.
