WRG paid $195 M for ISC WRG paid $195M including debt for ISC.
Excluding $25 M debt, WRG paid $170M for ISC.
The Stockholder Equity of ISC as of Q3 2012 was $84 M.
Thus WRG paid PBV=2 for ISC.
This is from Reuters
https://www.reuters.com/article/2013/02/22/irocenergy-offer-idUSL4N0BM54820130222?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43
TID has Stockholder Equity = $365M which is $1/share. If an acquiror pays PBV=2, it will pay $2/share.
Either way, the safety margins from the current buying levels are HUGE.
The market is HUGELY INSANE with TID current valuation.