Page 1 of 1

Cabot / Cimarex

Posted: Sun Aug 29, 2021 2:25 pm
by sundance
To take advantage of the upcoming merger of Cabot and Cimarex -- will it be more advantageous to buy Cabot or Cimarex?

Re: Cabot / Cimarex

Posted: Sun Aug 29, 2021 3:24 pm
by Fraser921
Based on trading prices: as of Friday's closing prices COG was the better buy

The exchanged ratio is 4.0146 cog per 1 xec so ( 4.0146*cog closing price 15.72) = $63.11.Since Xec closed at 63.75, buying COG direct is less expensive at 63.11.

This calculation doesn't account for any dividends the two companies would make pre merger

Re: Cabot / Cimarex

Posted: Mon Aug 30, 2021 7:59 am
by dan_s
Since there is a 99.9% chance that the merger closes at the end of September, the share prices should be trading in lockstep.