Sorry to ask what would appear a simple question but can someone please tell me how this merger will work , I understand the merger is due to complete in Q4 and current Miton shareholders will own 33% of the new group Premier Milton Group the deal prices each Miton share at 56.74p (33% PAM 1.70p share price ) am I correct in assuming that when the merger takes place and if PAM share price is say 1.50 then each Miton share would be worth 50p ?
Am I best to wait for the merger and dividend (4.9p) or as I tempted to do take the money and run I would welcome thoughts from more savvy and experienced investors as I see little upside from here as current sell price is 53p.
Thanks
Tony
Hi Tony,
I'm definitely not a savvy investor, but i do hold Miton. I think the answer rests on whether or not you think Premier are a good investment! I personally think that Premier look fairly good value and should be able to add value to the combination by taking out overheads and restructuring the business to make it more efficient. There is also a good yield on offer.
I'd be interested to hear what other people think!
Cheers,
Ben
