The RSS business had a indicative offer before of a $1.5b. Around $3 per LNK share. Add say $2.10 for Pexa in specie share distribution to LNK shareholders. That’s $5.10 per LNK share.
The share registry can be sold for $1B and pay off net debt of $680m.
BCM business can be sold for $60m.
And the LFS UK business will be sold to pay for Woodford restitution.
Settlement negotiations with FCA just starting.
LFS likely to have insurance cover. Although no mention of insurance cover from LNK. It is all about money now.
LNK Price at posting:
$3.27 Sentiment: Buy Disclosure: Held
