Okay, if everything goes 100% with the vote you will get 5c, so why would anyone pay 5.5c for a share?
It's value is worth $0.05 x chance of merger going through x discount rate = less than 5c, and nowhere near 5.5c.
Could we please get some justification on ignoring fundamentals entirely and predicting 5.5c?
(Disclosure: former CNP shareholder, current CER shareholder)
