GREY:NOVUF - Post by User
Post by
brodeuron Aug 28, 2013 11:49pm
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Post# 21705315
according to reuters
according to reuters https://www.reuters.com/article/2013/08/28/press-digest-hongkong-idUSL4N0GT0DF20130828
HONG KONG ECONOMIC TIMES
-- Yanchang Petroleum International Ltd would fully acquire Novus Energy Inc, a Canada-based oil and gas company, for 500 million Canadian dollars ($475.94 million), according to market sources.
$475.94m / 189.375m shares = $2.50/share
unless there is some debt they are covering separately
at $0.84 last SP, that's 297% premium
potentially share deal vs. cash deal and the combined company lists on TSX