I'm a little confused on this scenario. If CHRI is rolling into HBRM, and CHRI is worth six times as much as HBRM AND HBRM is going to be the lone entity surviving, why wouldn't I get six HBRM shares for every one CHRI share?
CHRI doesn't have to increase its O/S and lower its eps, but it might as well split then. But besides, it would have to do that before the merger, at which time everything freezes. If I saw CHRI printing more stock, I'd jump CHRI ship -- which I doubt it wants its investors to do.
IMO -- if CHRI mergers into HBRM -- it's CHRI holders who would be offered stock, not HBRM holders. HBRM will be rewarded with a higher pps because of CHRI's cash flow.
Market Data 
Markets 
AI
