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Podcast: WorldWide Markets with Simon Brown
Episode: Rampant dollar (#513)
Description: Simon Shares Remgro (JSE code: REM) plans to unbundle its stake in Grindrod (JSE code: GND). There were ideas that maybe Remgro would take out Grindrod, but the unbundling is going in a different direction and Remgro unbundles shares they don't want. Remember also that after the unbundling expect weakness in the Grindrod share price for a few weeks. They've held them since 2011 and hold a 24.81% stake For every 100 Remgro you'll receive 30.70841 Grindrod shares. Last day to trade (LDT) is 11 October 2022. You'll receive them with a base cost that Remgro paid, that value is still to be determined...