What I find bazaar in the documents is the reliance for valuation on the LFS share price of $2.00.
The price has not been near $2.00 since March...and when the documents were being prepared was stuck around $1.80.
Very disingenuous by all involved to hold to a valuation that in the current climate will not be a reality.
The deal should be adjusted to say $300m/$1.80 = 167 million LFS shares.
No wonder AA is not happy...
Ann: Shareholders to vote on Humm Consumer Finance transaction, page-23
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