OTCPK:GBGPF - Post by User
Comment by
potcommittedon Jan 24, 2018 2:35am
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Post# 27421783
RE:$2B / 24.43M shares = $81.86 per share!!!
RE:$2B / 24.43M shares = $81.86 per share!!!That would be nice. But it was $2B for both HIP and CMED.
And if you consider the transaction for HIP was already discussed (and voted by HIP) for a 35/65 split of the new entity then that leaves $1.3B for CMED = $53/share. Which is still a 41% premium to the closing price today and almost 90% over the closing before "friendly" negotiations were announced.
I don't think Aurora wants anything to do with HIP and if it were me I would offer BZ a price that is higher for CMED if he agrees to drop the HIP or a lower price for both if it has to be both. But you will not see a premium for both entities. Just isnt going to happen.
For those of you that haven't seen it go check out the presentation ACB did comparing the transactions. Makes you wonder what CMED was thinking with the HIP deal