GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.

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GB Group Ord Shs > cmed worth 43$ CASH and trading at 31.xx

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Comment by longonMJon Feb 06, 2018 6:20pm

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Post# 27514889

RE:cmed worth 43$ CASH and trading at 31.xx

I believe this final confirmed offer is really in essence exactly the same as the original support agreement that was drafted up the other week. It's just breaking it down in more detail as 3 separate options makes it only appear to be different from the support agreement. I think the all-cash offer was already there, but if everybody took it, it would just amount to the 2.9493X Aurora shares plus the $5.70 per CMED share.

I believe this is going to be a non-issue by then since Aurora will be past the $12.65 mark by then (i.e. March 9th) and it would become beneficial for everybody to select the all-share 3.4X Aurora share option and not even bother with the cash.

Dontbesogreedy wrote: the deal now have a 100% cash option (up to 140 millions) meaning that if 100% of cmed choose this cash option (very unlikely) a minimum of 13.3% of your shares could be worth 43$ cash and the rest would be worth 3.4 ACB shares (at the time of typing this 3.4 ACB is worth about 34$)

Does this make cmed WAY undervalued?

Pursuant to the terms of the Notice of Variation, Aurora has increased the consideration offered per CanniMed Share, at the election of each CanniMed shareholder, to: (a) 3.40 common shares ("Aurora Shares") of Aurora (the "Share Alternative"); (b) $43.00 in cash (subject to proration); (the "Cash Alternative"); or (c) any combination thereof (subject to proration of the cash portion), (the "Share and Cash Alternative").