RE:RE:RE:RE:RE:RE:net 1.75$/shareGcreamy wrote: MohanLal, don’t be so arrogant if you are too ignorant to understand the agreement.
Yes, every shareholder gets $2.20/ share if the deal closes. However, Geo-Jade is buying all of Bankers, INCLUDING DEBT. That doesn’t change the $2.20 cash offer per share.
The news release stated
"The Arrangement values Bankers at approximately C$575 million before the assumption of the outstanding indebtedness of Bankers". Let me explain what that means so your little brain can understand. There are approx 262 mill shares outstanding with a closing price of $2.20 so the agreement values Bankers at approx $575 mill (262m * $2.20). They are simply stating the approximate value of Bankers in the agreement without including their debt in the valuation.
MohanLal wrote: Gcreamy wrote: I get that your just trying to understand exactly what is going on so don’t worry about that. There will be no lawsuit if the deal goes through; the shareholders will get paid $2.20 per share.
The $1.75 net could just be referring to Geo-Jade's total cost per share net of debt but they are paying $575 mill ($2.20/share) for the entire business, debt included.
Why is it trading at $1.73???
1) People are taking guaranteed profit. Even if they believe the deal is going through, they want to lock in profits now and not have to deal with the slim chance of the deal falling through
2) People are confused as they don’t understand exactly what is going on. When there is confusion (like the whole $1.75 net price), people will sell their positions or wait on the sidelines until they get answers.
To all noobs or fools, whatever you want to call it ... $2.20/sh. is only for buying all shares of BNK. Debt is excluded !! Even the freakin news release over the weekend & confirmation by Investor Relations (posted by few people) affirms that. Read the NR carefully. The $2.20/sh is in Candian dollars.
will be interesting to see how BNK trades over this week. The management strongly backs this offer made by Geo-Jade. I'm counting on giant oil and gas firm Shell to make a higher offer (of around $2.50/sh or more).
LMFA)) - creamy buddy chillax. It wasn't aimed at you. I was trying to explain this simple deal to new investors who don't read NR properly. I ain't got tiny brain bud, no does everybody is smart in this amazing world.
The deal is valued at $2.20/sh for all outstading 262 MM shares. I know the match buddy.
Sorry again, my post wasn't aimed at you.
Have a good night !