OTCPK:GBGPF - Post by User
Post by
Duxingon Jan 20, 2018 8:48am
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Post# 27400120
3:1 pure stock exchange deal, both side feels comfortable
3:1 pure stock exchange deal, both side feels comfortable CMED will not accept any cap this time. It will be a pure 3:1 stock to stock exchange.
This is reasonable because at the time ACB announced the takeover, CMED share price was 15.3 and ACB was slightly over 5. 3:1 is a ratio both sides may accept psychologically and comfortably.