RE: RE: RE: You need to include debt The new cash increases per share value by ~5.6 cents if it stays in cash or pays down debt.
If it is added to SG&A expenses it is worthless.
Given the likely total value to all other new bidders is over $3, the cash is nice but unlikely to move anyone's bid significantly since it is under 2% of total value.
I too would like to know where you heard about the German Strategic. April.
My understanding is that the Strategics are not Renewable Energy Companies, but they may own these kinds of assets as well as other kinds. They are large pools of cash looking for predictable and reliable longterm investment returns. They buy businesses, often related to essential infrastructure, which tends to be recession-proof, returning a steady income. Canadian examples could be the Ontario Teachers Pension Plan and the Quebec Caisse de Depot and the Canada Pension Plan, but there are also private equity capital pools run by all the large US investment Banks and others.