Premium Metric for KDX in takeover?
The Bison Gold directors circular to shareholders notes that the offer from KDX is at a premium of 131% over the August 1st quoted value. The Bison Gold directors have recommended the offer from KDX.
If the tables were turned and instead of agreeing to pay a 131% premium for the purchase of Bison Gold, would KDX insist on a premium of 131% to KDX shareholders, if KDX were to be the target of a bid?
In the scenario of a 131% premium bid for KDX, the SP would be CS9.86 ........