Can you provide thoughts or an in depth article on the Milton/Washington H. Soul Pattinson and Company Limited (ASX:SOL) (WHSP) proposed merger with Milton Corporation Limited (ASX:MLT)?

Can you provide thoughts or an in depth article on the Milton/Washington H. Soul Pattinson and Company Limited (ASX:SOL) (WHSP) proposed merger with Milton Corporation Limited (ASX:MLT)

A: I think you will find it’s a done deal – due to be approved at a Scheme meeting on 13 September, implemented shortly thereafter. Milton shareholders are getting SOL (Washington Soul Pattinson ) script at a valuation of a 10% premium to NTA, plus a special dividend. It is a great deal for Milton shareholders – if they want out, they can just sell their SOL shares. That is why the Milton share price has soared.


Read Answer