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$23.35 newcrest mining limited

$1.10 USD = $1.73 AUD ..On the basis all NCM divs declared in...

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ConnerEx

674 Posts.

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17/09/23

12:14

Post #: 69889571
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Originally posted by AnneSid: ↑

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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$1.10 USD = $1.73 AUD ..On the basis all NCM divs declared in USD and paid in AUD

NCM Price at posting: $26.09 Sentiment: Hold Disclosure: Held
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