OTCPK:GBGPF - Post by User
Comment by
longonMJon Jan 26, 2018 11:19pm
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Post# 27445793
RE:RE:RE:RE:RE:RE:RE:RE:RE:Doing the math
RE:RE:RE:RE:RE:RE:RE:RE:RE:Doing the mathWell, by putting a cap on the number of dollars that they are willing to pay out for this takeover, it would appear clear to me that Aurora would much rather pay with issuing more shares, as opposed to paying with cash.
As a result, Aurora would much rather have their share price stay above the implied price of $12.65 per share as this would entice Cannimed shareholders to take the 3.4X all share exchange since they would be ahead by taking this option. If the Aurora shares were trading under the $12.65 implied price, the Cannimed shareholders would then opt for the part share and part cash offer since they would be ahead with this option instead.
VENMan wrote: There is two options in this deal for CMED Shareholders (1) You get 3.4 shares of ACB for every share of CMED you have. (2) You get $5.70 Cash per every share of CMED you have and 2.9 shares of ACB for every CMED share you have. You have to contact your Self Direct Broker and tell them what option you want. ACB has put a cap of $140 million for those CMED shareholders that want cash and 2.9 ACB shares. ALL IMO !! GLTA !