OTCPK:GBGPF - Post by User
Comment by
TheSim123on Feb 21, 2018 5:42pm
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Post# 27597876
RE:To tender or not to tender
RE:To tender or not to tenderI don't claim to understand the ins and outs of this deal but this is how I see it. If we don't tender by March 7th at midnight and ACB gets 66.6% of the shares locked in then it won't make a difference if we tender, we will get 3.4 ACB shares for every CMED share. Is the cash option a guaranteed $43 per CMED share? When I read the revised offer it says that this number is based on an 3.4 x ACB share price of $12.65 and it gives examples of a lower amount if the ACB price is lower. At todays closing price we would look at a cash offer of 3.4 x $10.72 or $36.45 cash. There is also only $140 millions in cash for CMED share holders to spilt if we all take cash. This might work out to cash and shares. Who's to say where the ACB share price will go on March 8th and 9th after it is too late for us to tender or not. It might soar up making the share deal a better deal or hit rock bottom in which case we are probably screwed. Looking forward to hearing your thought... Unless PRO thinks I'm an idiot then I'm not lol.