OTCPK:WLDCF - Post by User
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JRSDIRECTon Sep 10, 2018 8:11am
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Post# 28588611
ACB - SMA 20 and ICC Premium
ACB - SMA 20 and ICC PremiumDid a little reading of the details. Not happy but a few calculations to share
The buy-out is 0.2448 ACB : 1 ICC
$1.95 (34% premium above SMA 20) divided by 0.224 = $7.97 (ACB share price)
ACB is currently trading at $8.12; so the additional return is ($0.15)
$1.95 + $0.15 = $2.10; based on Friday's close of $1.79; 17% premium on top of the $1.95
Again, not enthusiastic about the deal but making a few dollars is a whole alot better then the alternative.