GREY:WFREF - Post by User
Comment by
VENManon Aug 22, 2014 12:19pm
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Post# 22869419
RE:This was touted about a year ago as look out here they go
RE:This was touted about a year ago as look out here they go
Under the Arrangement, Long Run issued approximately 44 million common shares of Long Run and assumed $115 million of Crocotta net debt, inclusive of transaction costs. The transaction implies a value of approximately $346 million for Crocotta (excluding the Sold Assets). So $346M less $115debt / 44M shares issued = $5.25 per share value. Therefore I would assume anyone wanting cash for the deal rather than shares of LRE would be happy to sell them at $5.25 per share and there seems to have been very high volume of shares traded in the millions since the close of this deal in at $5.25 price range.