They're just buying one part of the business, it's not like they're buying all of PPT.
I expect it's totally up to PPT what they pay now as a dividend but obviously the more they pay out now the more debt they'll have so they will have less from the $2.1B later after they pay down debt, tax and separation costs.
Which means if they pay a big dividend now then the headline payout post sale won't look as good.
It's not a magic pudding. Personally I suspect they might go on the smaller side in the short term to make the post sale payout look bigger.
Ann: Fourth Quarter FY24 Business Update, page-29
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Last
$19.53 |
Change
-0.180(0.91%) |
Mkt cap ! $2.236B | |||
| Open | High | Low | Value | Volume |
| $19.69 | $19.69 | $19.39 | $5.068M | 259.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 550 | $19.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.53 | 1486 | 2 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PPT (ASX) Chart |