RE:RE:RE:RE:Offering to buy for $250MTickBomb wrote: I did the calculation before.... they have 500M is cash and short term bonds, over 500M in equity in cardalytics and a mexico airline points business and owe 700-800M in long term and preferred shares debt. with the 250M cash from the sale of aeroplan, the net value is around $3-4/share. If you think mittleman will negotiate double or triple the 250M cash offering, we are looking at $5-8/share in cash and investments here.
Not too shabby then. Yeah they definitely won’t accept the first offer. I say 400M for 51%