Coeur closed at US$4.06. This makes the merger worth over $3.21.
BSG 's last sale is $2.91.
Talk about fools selling at more than a 10% discount.
Or is it too mathematically complex to work out the value? lol rofl
Sellers might want to rationalise away that 10%+ discount to the merger value they are taking, but as they say there's a sucker born every day.