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Ann: Demerge of ACAD and Blackstone to acquire Panel Business, page-10

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    Ann in Proactive has Blackstone offering $508mil ( down from AMA's value of $530mil as stated in TOP'S latest update of holdings) what confuses me is why so high? AMA whole M/Cap is $530mil as of close fri 13th.how can they hive off the ACAD for an amount equal to the whole entity?
 
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