- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Buying stock in a company you anticipate will be selling a portion of its assets
Posted on 3/28/13 at 2:47 pm to CE Tiger
Posted on 3/28/13 at 2:47 pm to CE Tiger
The plan was announced in 2011 and they filed for approvals 6 months ago. Pretty sure what ever gain you were hoping to achieve has been priced in.
Now if you work for one of the specific companies, or are privy to information that has not been announced that would alter the value of the stock, that may change things.
Now if you work for one of the specific companies, or are privy to information that has not been announced that would alter the value of the stock, that may change things.
1
Posted on 3/28/13 at 2:56 pm to CE Tiger
quote:Sorry, but I really don't want details.
If you want details its ITC buying ENTERGY transmission assets
Besides, isn't that really old news? I remember reading in the paper about ETR selling some of its transmission assets several months ago. Whatever price anomalies there may have been have already disappeared, probably.
Posted on 3/28/13 at 2:57 pm to Waffle House
All I know is its moving along. Figure I could buy the stock if it happens get some stock as payment, if it doesn't I'll just own the original stock.
Not trying to make a quick buck, would plan on holding onto the stock as part of retirement portfolio
Not trying to make a quick buck, would plan on holding onto the stock as part of retirement portfolio
This post was edited on 3/28/13 at 3:00 pm
Posted on 3/28/13 at 3:01 pm to CE Tiger
quote:Usually these types of transactions are not stock transactions but cash sales.
Figure I could buy the stock if it happens get some stock as payment
Posted on 3/28/13 at 3:04 pm to LSURussian
From what I understand for every 1 share you will be getting .51 of new stock
Posted on 3/28/13 at 3:12 pm to CE Tiger
Is this what you are referring to in your .501 number?
From the ITC '12 10-k
From the ITC '12 10-k
quote:
Holdings common stock from its shareholders, or a combination of a special dividend and share repurchase. The merger will result in shareholders of Entergy receiving approximately 50.1% of the shares of pro forma ITC Holdings in exchange for their shares of Mid South TransCo, with existing shareholders of ITC Holdings owning the remaining approximately 49.9% of the combined company. In addition, Entergy will receive gross cash proceeds of $1.775 billion from indebtedness that will be incurred by Mid South TransCo and its subsidiaries prior to the merger and assumed under the acquisition. Completion of the transaction is expected in 2013 subject to the satisfaction of certain closing conditions, including the receipt of necessary approvals of Entergy’s retail regulators, the FERC and ITC Holdings’ shareholders.
Posted on 3/28/13 at 3:15 pm to Waffle House
So Entergy is not just selling assets, it is selling a subsidiary. Big difference.
Posted on 3/28/13 at 3:24 pm to LSURussian
I guess I'm just reading into this wrong. I'm confused as to what happens with ENTERGY stock.
As an emolyee I was told that after I needed to sell the ENTERGY stock so I figured that meant I'd have both ENTERGY and ITC stock
As an emolyee I was told that after I needed to sell the ENTERGY stock so I figured that meant I'd have both ENTERGY and ITC stock
This post was edited on 3/28/13 at 3:31 pm
Posted on 3/28/13 at 3:34 pm to CE Tiger
i saw the term Reversed Morris Trust used is that helps clear this up....
Posted on 3/28/13 at 4:11 pm to CE Tiger
CE, you work in the transmission department being sold?
Posted on 3/28/13 at 4:24 pm to Tiger at Law
correct
Posted on 3/28/13 at 8:08 pm to CE Tiger
quote:
correct
You finally got to work for entergy and they are selling you off?
Posted on 3/29/13 at 8:05 pm to CE Tiger
Heard that. My father in law works in that dept. in operations
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News