RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I like what I seeall these acquisition comparisons by the way....are meaningless at this point until we get back to the same type of frothy environment that existed back then.
But agree with you...the buyouts are ALWAYS presented in such a way as a % premium to market cap. Give me any example where the press release states, "the buyout represents 50% of NPV of future discounted cashflows of Casino" --- as an example. You won't. That's why negotiations are ALWAYS based upon market cap (ie - the value of the company)....not some future discouned cash flow....