Hi MF,
Having a bit of a struggle getting my mind around a possible 50c if ccd comes thru.
Happy to be corrected if I am wrong.
CCD has about 250mill shares
10% of that about 25 mill.
ORD about 470 mill.
40c profit a share for ORD, would imply a profit on the option of $190mill?
Or about $7 to $8 increase, per share, for CCD after the takeover, if it comes off of course?
All figures a bit rough and ready.
opportunity knocking !, page-29
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