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News: FXJ Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln, page-35

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brahms

2,879 Posts.

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30/07/18

11:09

Post #: 34621316
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Originally posted by tr0p0nini ↑

Cuz NEC is acquiring 51.1 % of FXJ. It’s the ownership aspect matters here. Whatever FXJ earns, 48.9% stays and the rest goes into NEC account. And this deal favours FXJ shareholders as well. Why ?

Like I said 48.9 % of the future earning stays, and the rest will go under the NEC shares offered in the merger. As a fxj shareholder, you basically still get the whole pie in the name of two different companies. And becuz you receive NEC shares , you also get exposed to caradvice and those brand under NEC as sprinkles and cream.

Like a mention, the loser here is the current NEC shareholders,UNLESS there is a really big synergy effects boosting the future income to balance out the dilution.

Again I’m only looking at this using the ownership aspect. I don’t predict how the businesses will go.
Good luck investing

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I wish I could untangle your thoughts for you but I think you should consult someone else about it.
Current nec holders will have 51.1% of the combined entity and current fxj holders will have 48.9% of the combined entity.
How you think you can go from that to adding 50% of FxJ market cap to nec market cap as in your previous post is beyond me. Anyone?

Last edited by brahms: 30/07/18

FXJ Price at posting: 79.8¢ Sentiment: Hold Disclosure: Held
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