RE:RE:RE:RE:RBC Target is 32.12 CanadianThe Cinven earn out is in GBP for a total of 144M and when converted to USD based on Friday's closing rate of 1.33 USD to GBP=$192M USD. Half of that is $96M. So if they defer and pay there earn out based on current exchange rate, that is what they would have to pay and $120M.
quote=dannyd9]Thanks lattice; that clarifies it a bit. Deferring 50 per cent would mean a 120 million payout now which they clearly have on balance. Again, the key is going to be about the earnings achieved during that period. [/quote]