RE:Is this correct?If : Then
MBCN shares outstanding = +/- 24,000,000
$54,000,000 cash / 24,000,000 shares = $2.25 in cash per share.
The $4.75 implied purchase price - $2.25 per share in cash = $2.50 = (just about) the real price being paid for MBCN.
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