RE:QuestionI'd like that to be correct but my understanding is it's on shares (not sure if it's a percentage of total shares at the time of the deal, ignoring any subsequent dilution that has taken place). I'll have to read the deal again, but I believe it's pretty specfic in this regard. So it would result in another 250 mil in the bank. My understanding is they'll get the same amount of shares they got in the first round, for the same price.
What I'd like to know is what benchmarks CB had to meet.