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clock Created with Sketch. 22/05/18
10:49
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Originally posted by AndrewOne
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If UBS think that WFD is worth $9.35 around the current exchange rates and we are selling to Unibail Rodamco for $8.93 (todays price), you would think that Unibail Rodamco would be worth more than what they were trading at just before the takeover. Is the discount due to the uncertainty of the takeover and that Westfield have not released forward guidance? If so, should we expect increases in Unibail Rodamco over the next 10 months up to Euro 250? If this is the case at the current exchange rates WFD would be worth $10.57. Or in Unibail Rodamco Westfield (URW) CDI's, AU $19.14 per share (to convert WFD to URW multiply your number of shares by 0.3688, add about $3.65 per WFD share as cash and One Market.
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Although you may be correct with what info you have about the above (price equates to about $10.70), I'm baffled... if this is the case why is WFD trading way off this equation @ $8.86?
