BMN 0.37% $2.74 bannerman energy ltd

62c takeover, page-11

  1. 1,381 Posts.
    Greg, youre missing one variable for each of the companies

    Value a couple of weeks prior to T/O offer.

    SDL was valued very close to the T/O offer where as BMN was in the 20's before the hanlong reps started playing with the price.

    BMN's capital structure wont be condusive to selling 100% @ 62c IMO, and so the market is taking that risk into account.

 
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