RE:RE:RE:RE:RE:STOP BUYING ICC SHARES!cmiller02 wrote: I believe the $1.95 is derived from taking the VWA for 20 days prior to Sept 7th and dividing it by 0.2448. Correct me if I'm wrong. I guess the real question is: when this deal closes do I get .2448 shares for every 1 share of ICC...period.
On the 7th of Sept. ACB VWAP was 7.96. They gave ICC a value of 1.95 per share. That price is set.
1.95 devided by 7.96 equals .2448.
Therefore, say the ACB VWAP at some point in the future ( the date before the deal wraps up) is 12.45
1.95 devided by 12.45 equals .1566 of a share. In other words, less than in the example the companies used.
The dollar value remains the same, the share amount, however, decreases with the rise of ACB share price. Conversely, if the VWAP is lower than 7.96, then the share amount will be higher than companies example per NR.