in order to take over the company.. it's not as simple as the market cap of $420M + premium.
the buyer will have to take into account of the $600M debt.. hence to outsider.. the company cost at least $1.2B (20% premium) to takeover.
however.. paying $300M for asset that generate income without the debt .. it's a better deal because you somewhat save the company from going BK yet having an interest in a mine.
afr: 25% stake to sell for $250-300m? , page-21
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Last
$10.10 |
Change
0.010(0.10%) |
Mkt cap ! $3.006B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.17 | $9.95 | $11.63M | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4374 | $10.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.10 | 5839 | 25 |
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