yes, in terms of scrip-based t/o, you'd want PPS shareholders to end up owning closer to 20% of the combined entity (current bid is around 15%).
The Heine family who controls NWL may not want that much dilution of their voting interests, but they'd still be the dominant shareholders and it's a fairer reflection of the value that PPS would contribute to the whole.
Ann: NWL: Non-binding proposal to merge Praemium and Netwealth, page-11
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Last
58.5¢ |
Change
0.015(2.63%) |
Mkt cap ! $281.9M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 58.5¢ | 56.5¢ | $613.4K | 1.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39543 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 192065 | 2 |
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