Banca I.F.I.S Spa BNCIF

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Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The gro

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Banca I.F.I.S Spa > The Long Halt

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Comment by Teatimenowon Jun 27, 2017 12:44pm

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RE:RE:RE:RE:RE:The Long Halt

@Goldfather

what i meant, is i exepct FCC to go even higher, but if not, i do not believe the SP will drop below 70 cents.

@Newssimon1707

in the 3 way merger on a FD basis the newco Cobalt One + FCC + CSK = "New FCC"
i calculated that (incl. some options etc.)
55% will be held by former Cobalt One shareholders
35% by exisisting FCC
10% former CSK shareholders

but i might have missed some warrents and or options...

BTW it could also be that the CSK Ceo said: first lets see how the market likes your merger with Cobalt One, lets then agree on a exchange ratio, who knows.
CSK was at 11 cents before the initial ann. So assuming FCC does start trading again at 0.76
then the exchange offer implies almost a 100% premium, no too shaby

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