Supernova7
Im just applying the standard 20% to the current SP which has been hovering around $3.40.
FGL spent $8bn acquiring these wine assets, so no matter what the purchase price is any buyer will be getting them at a substantial discount.
The other factor to remember is that alot of shareholders (LT) will be looking at getting out of what has been a dreadful stock for ages (FGL pre split) - my opnion only - so any chance to get out for a bit of a profit will be welcomed.
The second set of shareholders are those that bought in post split with the sole intention of selling into a takeover. They will be happy with 20-40%.
take over rumour from bright foods inc, page-11
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$12.11 |
Change
0.030(0.25%) |
Mkt cap ! $9.826B | |||
| Open | High | Low | Value | Volume |
| $12.05 | $12.15 | $12.02 | $16.32M | 1.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12466 | $12.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.11 | 7565 | 1 |
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