LST lion selection limited

irn takeover offer values lst at 2.72 or 2.94

  1. 489 Posts.
    wow!

    well IRN are offerring 2.5 (base case) or 2.7 (if certain requirements are met) of their shares for every 1x LST share.....

    close of today IRN is $1.09 x 2.5 = $2.725 (base case)
    close of today IRN is $1.09 x 2.7 = $2.943

    this should be good when the trading halt comes off... LST last traded at $1.655...... looking at a big leg up... any reason why LST shouldn't see at least $2.50 tomorrow?
 
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