Merger = Weaker share price?

  1. 7
    Posts

    Hi,

    I'm relatively new to the sharemarket and have been following PEM for the past couple of months. Upon the announcement of the merger with CBH i expected to see the shares jump from 1.15 to 1.40 or so in the immediate future. it did the exact OPPOSITE however, declining to 1.03.

    Why did this happen? is it because the declining zinc prices outweigh the value added from merging?

    VERY CONFUSING STUFF!

    thanks

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