LNK $4.40 X 512,987,000 shares on offer = $2,257,142,800 Market Cap
Pexa $15.69 x 177,326,000 shares on offer = $2,782,244,940 Market cap x (.4466% link ownership)
= $1,242550,590 lnk share of Pexa / 512,987,000 lnk shares = $2.42
Which is the value of Pexa shares held by link to each share on offer.
Lnk share price 26/8/22 = $4.40
Pexa value to each LNK SHARE = $2.42
=$6.82 today not $4.40 offered.
How could the directors unanimously recommend to vote for transaction?
Ann: D&Ds proposed divestiture for Link acquisition consultation, page-69
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