NFN NUF

Ann: Strategic investment from Sumitomo and $250m, page-11

  1. goatpointer
    1,688 Posts.
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    05/01/10
    10:15
    Post #: 6161714
    re: Ann: Strategic investment from Sumitomo a... The tender will not dilute the stock. The rights issue afterwards will dilute but not hugely. e.g. A 1 for 10 issue (around about) at say $12 will raise the sought after $250 million. If my arithmetic is wrong feel free to correct. The new year was made happier by the cheerio given to the Chinese offer.
    NUF Price at posting: $10.38 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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