My IRESS screen shows an adjustment factor of .73 for FGL.
Which takes account og the 1 for 3 TWE issue which started trading today.
Given that adjustment FGL are actually up 14% at the moment.
I have been holding for a long time hoping for a takeover.
Now the hard work of splitting the two groups has been done I consider it more likely.
Therefore I would view the restructured FGL as a buy.