Put the 2 together and you will have earnings of between 35-40 cents per share on a 1 for 2 offer with very little synergy
The stock at 40 cents per share will trade closer to $4.00 , i think on that basis PRG offer 1 for 2 plus 40 cents per share and they might steel ski whilst it is in a downturn
2 years ago the offer would of had to have been 2 for 1 (the other way around) with ske trading at $4 .
SKE shareholders need to be convinced 1 + 1 = 3 to accept a premium that is significantly below the SKE share price just 12 months
I hold ski and would accept 1for 2 plus 40 cents , but no less as i would look to hold the stock and possibly buy more if it traded around $3
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