This is not a particularly liquid arb situation. I would avoid. If anything, GNH, at a 66% discount to NAV and 0.3x P/B, will probably be taken out next. That may be worth a punt.
What is covered in the Full Insight:
Introduction to Get Nice Financial's Scrip Offer
Details of the Offer and Scrip Scheme
Valuation and Financial Performance of GNF
Shareholder Vote and Approval Process
Conclusion and Investment Considerations
SUMMARY
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