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Ann: Sportech Acquisition, page-37

  1. trader_1993
    1,254 Posts.
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    04/12/20
    10:27
    Post #: 49340861
    So Sportech has a market cap of $100M AUD and we are offering $56M for a portion of the business.

    The counter offer was $60.4M for the entire business.

    So we are offering overs for that portion.

    Why would they accept $4M more, but lose the entire business. When they can sell a portion for $4M less and keep the other parts?
    BET Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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