Because the nine shares in the deal are coming out from dilution... there are no shares reserves in NINE. With everything equal, you combine the pre- announcement Market cap and the 50% of FxJ market cap together, and then divided by the new number of total shares. The post- merger NEC is far below 2.5. The smart money is selling before the dilution.
Have fun invest;p
- Forums
- ASX - By Stock
- FXJ
- News: FXJ Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln
News: FXJ Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln, page-32
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FXJ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online