OTCPK:MAGTF - Post by User
Comment by
Possibleidiot01on Jan 20, 2023 1:13pm
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Post# 35235937
RE:RE:MAGT going private!?
RE:RE:MAGT going private!?. The Purchase Price is also above the 52-week high closing price of the SV Shares as of January 19, 2023, and represents a premium of approximately 160% to the Company’s initial public offering price of the SV Shares of CA$17.00. This value further represents an 87% premium to the closing price on October 5, 2022, the last day prior to Thoma Bravo’s submission of its initial non-binding proposal for an acquisition of the Company.
Maybe they think market is not going to be good to them for a few years.
- Market Check – the Company, with the assistance of Morgan Stanley, conducted a market check subsequent to the receipt of an initial proposal from the Purchaser that did not result in any proposal that was superior to the Transaction;