Striebs, still trying to get my head around the swap ratios...
Im not sure whether thats the most useful way to think about it given darts balance sheet is net cash and igas are heavily geared. We inherit alot of debt by owning 1/3 of the combined equity.
How would the swap ratios look if u assumed igas was hypothetically unlevered, so as to have both balance sheets on similar financial risk profiles...
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- proposed takeover values shs at a$0.1898
proposed takeover values shs at a$0.1898, page-44
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