Nine Entertainment Company (ASX: NEC) have just made a merger with FairFax Media and are going through a short transition time during this process. The stock has recently dropped back in price to align with the transition (still to be voted upon) of Fairfax Media (ASX: FXJ) shareholders into the company. If the proposal is successful, each FXJ share will be entitlted to...

'If the Scheme is approved and Implemented, Eligible Shareholders will receive 0.3627 New Nine Shares in addition to $0.025 in cash for each Fairfax Share held.'

Furthermore,

'The strategic rationale of a combination is compelling for Fairfax Shareholders, as it results in the creation of one of the largest multi-platform media companies in Australia with complementary premium assets and balance sheet capacity to take advantage of further growth opportunities. The Combined Group will have substantial scale in both traditional and digital media, presenting a powerful value proposition to media agencies and advertisers.'

I see this as a great opportunity to get NEC shares at a discounted price before the combined business will grow more rapidly toward and beyond the peak price of $2.66 from the 52-wk high.