Replies to post #19082 on Angel Acquisition Corp (fka AGEL)

[blue dog]

What in the world does that mean with respect to AGEL shares?

... pursuant to the previously announced Agreement and Plan of Merger, dated as of October 3, 2011, by and among C&D and certain affiliates of Angelo, Gordon & Co., Angel Acquisition Corp. was merged with and into C&D, with C&D continuing as the surviving corporation. As a result of the merger, each share of C&D common stock not owned by Angelo, Gordon & Co. or its affiliates was cancelled and automatically converted into the right to receive $9.75 in cash

AGEL merged into C&D (but at what ratio of AGEL stock to C&D stock?), with each of our resulting C&D shares' being equal to $9.75. So, I had 20m AGEL shares, multiplied by some factor (or more accurately, divided by some factor), then multiplied by $9.75.

But what is the factor?

[KingStocks365]

So is this good or bad for the shareholders of angel or what up