Tawana is merging into Alliance and will be dual listed on the SGX and ASX.
TAW holders will be giving 1.1 AMS shares for every share you hold. This is essentially valued as $0.37 per share. (!)
TAW holders will be given SpinCo shares prior to the merger.
This value is to TAW holders will be a in‐specie distribution of 85% of all SpinCo shares. Dollar value is TBA.
Hopefully, what you would expect is that SpinCo share price + $0.37 should equal $0.455
TAW Price at posting:
45.5¢ Sentiment: None Disclosure: Held
