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66.0¢ fairfax media limited

News: FXJ Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln, page-38

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brrrattt

1,070 Posts.

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30/07/18

15:51

Post #: 34627964
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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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Umm not sure that’s what’s at play here. In my understanding, The whole of FXJ will be swallowed up with NEC and 100% of Fairfax will account for 48.9% of the merged company, and not NEC is buying up a slice of FXJ. FXJ will be delisted and forgotten about. Am I wrong???

FXJ Price at posting: 81.0¢ Sentiment: Hold Disclosure: Held
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