Originally Posted by
TheMoose
Uh, making a blatantly false statement about stock prices is also somewhat counterproductive. NWA has had a higher per share price since mid-March:
http://finance.yahoo.com/q/bc?s=NWA&...&z=m&q=l&c=DAL
That's the market value. The 1.25 multiplier is only relevant to NWA shareholders and does not represent "market value" as you imply it does. I can still buy DAL and NWA stock today, and thus the market value is the price per share.
I think this is a very relevant discussion as the only thing that could really derail this merger is if the stockholders don't approve it. That's been all but a foregone assumption this whole time, but maybe it shouldn't be so.
The trading price of a single share is absolutely meaningless, unless it is below listing standards and is leading towards delisting. Market value is the only valid measurement since both companies have a different number of shares authorized and outstanding.
Originally Posted by
FlytheTail
Can you explain this? Counterproductive towards whom or what?
The premise was based on a single moment in time. Who knows what will happen today, or tomorrow.
Edited to add: as of 10:14 AM ET NWA is the leading decliner on the NYSE, down 9.10%. Obviously, there hasn't been that significant of a change in the Company's operating position. The swings in share price, and market value, are largely result of oil prices and volatility in the equity market. Looking at 1-day (or intraday) performance is meaningless.