Yes - I would think this is a fairly standard term. Otherwise target company could just pay a $1.00 special dividend (even a leveraged divvy).But a second extension is just getting ridiculous. They have an audited set of full year results in front of them, and 2 months DD.
It is starting to look like a free 'call option'. Might as well just extend another 2 years (further price adjusted for any further dividends), and wait until HSN is on a 8x EBIT multiple before pulling the trigger.
Ann: Update on BGH Capital Acquisition Proposal, page-4
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Last
$4.47 |
Change
-0.060(1.32%) |
Mkt cap ! $909.6M | |||
| Open | High | Low | Value | Volume |
| $4.54 | $4.55 | $4.38 | $1.676M | 374.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 851 | $4.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.47 | 128 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| HSN (ASX) Chart |