BTA 0.00% 57.0¢ biota holdings limited

the plot thickens: new merger terms, page-8

  1. 20,390 Posts.
    lightbulb Created with Sketch. 1990
    the dilution is not that bad as imitial thought, it is certainly npt better for BTA, it is owrse but not as bad as i thought.
    BTA shareholders will hold 7-10% more of a company whcih will have about 24 aud less in cash. So the deal effectively reporesenets a loss of apporx 10m of value for us but arguably locks the transaction in

 
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