Many of us feel we will receive Teck shares as part of a buy-out.

What about dividends? They keep saying that they would like something that gives a tax advantage and dividends would do that. However, they are a tax advantage because the corporation has paid tax. So does that mean Teck might offer, say $1.2 billion for Schaft Creek and then Copper Fox will pay the tax on that and then distribute a healthy dividend. By the time it gets to us then it won't be $1.2 billion (approx. $2.84 per share) divided by the amount of shares outstanding, but, say at 30% corporate tax $840 million divided by the outstanding shares so more like $1.99 each but with a tax advantage?

Is that how paying dividends would work out?