Message Font: Serif | Sans-Serif
No. of Recommendations: 0
This is my biggest position by far. It is a very odd situation because there is deal risk due at this point to the EU opining that it is fair for example. The tender situation of a foreign stock is quite a rare event and I suspect there are three principal value discounts: 1. if you don't tender ontime today you may get held back a foreign dividend tax of 15%; 2. a rejection of the deal by shareholders or by the EU and you have stock in a company that is being managed to combine with QCOM and that is imperfect; and 3. the approvals and tender acceptance may be delayed by repeated extension and shares, once tendered, are no longer margin-able.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.