RE:RE:RE:RE:RE:RE:RE:Possible Scenario correction. see notes.
D)
before merger
ANX equity 36.2c/sh
RCG equity 7.4c/sh
dialling up or down the preferred gives various per share book values similar to RCG pre merger or ANX pre merger or other targets.
equity = 89.2-23-preferred
Pref RCG ANX comment
0M 12.6c 36.8c ANX-like
10.2M 10.7c 31.1c see (C)
28.0M 7.4c 21.6c RCG-like
RCG per share based on 525M shares
ANX per share based on 180M shares
comment:
ANX would lose a bit of book value 36c to 31.1c/sh with 10.2M of preferred.
Notes:
I found an error in the calc.
I did the math with incorrect ANX shares. I had 120 instead of 180.