Post by
Mindfull on Nov 18, 2017 9:23am
Simplified, 55% gain for HIP shares to ACB shares.
If both deals go though,
Deal #1
0.033 of HIP share = 1 share of CMED
Deal#2
ACB will give $24 for each CMED share
Therefore:
10,000x0.033=330 shares of CMED
330x$24=$7,920
Current price for HIP is 0.51 cents so 10,000x0.51=$5,100
Your gain is 7,920-5,100=$2820
If this is wrong, please give new caculations.
Comment by
Soccerguy on Nov 18, 2017 9:47am
When will we know if deal 2 goes through.....I thought that was at 8pm last night.
Comment by
thorgb1 on Nov 18, 2017 10:58am
This is patently incorrect. Everyone needs to stop saying ACB is paying $24 for CMED, as it is misleading and false as it is not a cash deal. ACB is paying some number of shares for CMED, with the current proposal being 3.7 shares per CMED share, meaning the current value is around $22. This is likely to go up if any deal gets done, but we should evaluate accurate information at the current time.
Comment by
hammerdown1 on Nov 18, 2017 11:30am
IMHO you are correct Thor. Acb offered CMED what they did without HIP in their stable. The numbers / value of CMED obviously change with HIP on the inside. The question is, did ACB factor CMED acquiring HIP in their initial offer to CMED? Stranger things have happened. GL. H