Oh, you spake my name, ricky!
Here's another article from this morning's AFR Street Talk:
http://www.afr.com/p/opinion/take_two_nec_buys_csg_unit_cX0CgXtXWPvwzoROyZukfM
They mention a capital return of up to 50c after paying off debt (but it could be a dividend, as CSG have about $20m of dividends as at June last year), so that's about 66c FF?
Clearly, the market has no idea how to value this deal, which is why the SP is jumping around. It will settle when the analysts do some number crunching. It seems to be bought for an average of 75c so far.
I have put an order in on this. Deal supposed to be completed in early July after FIRB approval.
Good luck holders.
Add to My Watchlist
What is My Watchlist?