If sale price $1974 mill (ML article ex billbu) then funds to BEPPAs ~ $280 mill less $20 mill commission less some other sales costs ($?) = say $240 mill
Allowing 780 mill BEPPAs then ~ 30c each.
Above is all estimation but (hopefully) a tad conservation if some of the AETD free cash has been used to pay down debt.
Timing
I was advised by Patrick late 2010 binding bids in Q1 2011 (calendar) with closing to occur in Q2 2011 (calendar). Any payout to BEPPA holders would occur as soon as reasonably practicable after closing.
Seems like they are still on track
PIH Price at posting:
$4.90 Sentiment: Hold Disclosure: Held
