Hi, can you, or anyone, pls help with this takeover deal.They claim they are paying the implied share price of AU$29.27 for each NCM share.
The $29.27 NCM price offered doesn’t make sense when :
a) NCM shareholders are getting 40% of the NEM share value which at todays price of US$40.33, which is AU$25.10.
b) plus an AU$1.10 dividend.
This would make offer valued at a total price of AU$26.20.
How does this make it an implied offer of AU$ 29.27 for each NCM share.
Could they be working out their offer on a higher NEM price when the deal was done?
Can anyone please offer some clarity. Much appreciated.
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