LNC roughly 450 million shares and options on issue.
If the sale was to go through, in terms of cash backing per share....
$1.5B - $3.33 per share
$1.25B - $2.77
$1B - $2.22
$750M - $1.66
$500M - $1.11
Think it would be a very good buy under $1.00 IMO
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- sale completion within a fortnight
sale completion within a fortnight, page-32
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