You are both correct. The offer now, taking in consideration the current ROC share price, is totally undervalued and ridicolous.
I hope that AEL shareholders and, our Directors can see the light and show ROC the door to the way out.
I am sure that if that was the case, AZA's sp will increase to what it should be, in no time.
Why would possible investors buy AZA shares now, and possibly push the price up or buy at a premium, when they don't know if they are going to be merged with ROC in the near future, and only get a scrip for scrip offer in return?
Buddy
AZA Price at posting:
95.5¢ Sentiment: Buy Disclosure: Held