It is worth looking at the cost to Todd for a cash offer. Non Todd shares number about 1.55 billion.
For a cash takeover it would cost Todd as follows:
At 7.5 cents $116,250,000
At 10 cents $155,000,000
At 20 cents $310,000,000
At 50 cents $775,000, shareholders.000
At$1 $1,550,000,000
Seems to me Todd will have an ongoing relationship with minority holders.
It is worth looking at the cost to Todd for a cash offer. Non...
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