iShares Global Materials ETF V.MXI

Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.

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iShares Global Materials ETF > It's Weird

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Comment by wilwalon Dec 24, 2015 10:38pm

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Post# 24412604

RE:RE:RE:It's Weird

It all depends on how the deal was structured. If the JV itself is valued at $70 million and bought from MXI, then IMG would have to pay the full amount but they would effectively own 25% of the $70 million sitting in MXI. If they buy the whole company for $70 million in cash or shares, they would only have to pay out $52.5 million net in cash or shares or a combination.

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