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
46.0¢ |
Change
0.025(5.75%) |
Mkt cap ! $222.2M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 46.0¢ | 43.0¢ | $279.1K | 622.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20165 | 43.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 33127 | 3 |
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