GREY:CBICF - Post by User
Comment by
duediligence123on Oct 20, 2018 2:41pm
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RE:RE:RE:RE:RE:RE:RE:Confused.
RE:RE:RE:RE:RE:RE:RE:Confused.Wrong Longdollars, but wouldn't your dream scheme be nice...lol...read the NR again, at time of closing of transaction MPX shareholders will receive 0.1673 shares of Ian for every share of MPX they hold...the 30% value was given to $1.28...now both stocks should start trading on par to the agreement, and MPX shares will increase in price as Ian increases in price...at valuation yesterday, still slight advantage holding MPX, but the values are getting closer...hope you understand
LongDollars wrote:
maybe before you tell someone to use a calculator you should understand the deal yourself - you're %100 wrong. The $1.28 valuation was based on the closing share price of IAN on October 18th of $7.64. They got this valuation of 1.28 by multiplying $7.64x0.1673=$1.278. When the deal is finalized in January (9th I think) you will get that same ratio 0.1673 based on the current share price of IAN. So, if IAN is $10 come the time of the acquisition you will be compensated $1.673 of each MPX you hold. IT IS NOT A RATIO BASED ON QUANTITY OF SHARES IT IS BASED ON THE SHARE PRICE!