"Un-truth" headline from PVG... NEWCREST TO ACQUIRE PRETIVM FOR C$18.50 IN CASH AND SHARES
Well, this is "untruth" to say it with understatement. In the smallprints is listed what you will get:
What you will get per 1 PVG share is at the day after voting valuations less then what the headline stated:
0,4042 Newcrest share @ todays price for NCM in Audstralia: 23.97 AUD times 0.4042 makes in USD = 6,999.
Plus in USD cash of 7,42405. Equals in USD totally
USD 14.423 per one PVG share.
This results in CAD 17.97 per 1 PVG share.
That is 2.862 % below the promised price in the headline !
Do you want to make businesses with such a partner, who produces such an unresponsible and "untruth" headline for a Billion $ deal...
Let us watch, how far the gap between market price and that what you will get closes or not.
In the above calculation were not included the fees and exchange rate losses if you will try to sell your NCM shares in Australia and transfer your money on your account in real life.
Happy times with all the paper work, you will have to do, if it happens.
Or, if the dirty deal comes through: will they produce a PVG share price of 18.50 CAD on the market, that everybody receives in this swindle deal at least, what they had announced once in their Headline !!?!!