The NTA quoted in today's press release is $190m vs. $152m in the January press release. This suggests the purchase price has effectively come down during negotiations as retained earnings in the consumer finance biz did not increase by $38m in 6 months.
Sounds like LF held the better hand in the end.
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- Ann: Sale of hummgroup Consumer Finance to Latitude
Ann: Sale of hummgroup Consumer Finance to Latitude, page-33
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