WHC 1.88% $7.57 whitehaven coal limited

Target $18.72, page-8683

  1. 765 Posts.
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    US$600m for 20% of BW is still a massive premium, especially if it excludes deferred and contingent.

    Compare that to BW&D upfront of $2.1b. 20% of BW&D is US$420m. Take something off for D and you're starting with close to 100% premium?

    Granted buyers should pay a premium on deferred too, but still a massive premium.
 
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