TPM has 1.2B debt. At time of merger it can have up to 2B debt.
There is $800M in the kitty for special dividend.
This is worth $0.90 to $1 a share. At 927M shares outstanding.
Say they capitalised Singapore with another $400M.
They will pay out a 50 cent fully cranked dividend prior to merge.
This does not allow for any cashflow generated up to the date of merge co.
Grab the pick forks and burn that witch!!!
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