Comment by HarryBarryon Mar 25, 2025 4:53am

111 Views
Post# 36507875
RE:Blue Ant
RE:Blue Ant
I certainly wouldn't disagree with you there.
I would really appreciate if someone could have a go at explaining how these three extracts below from the News Release tie together - in particular, what is the MBO consideration and is it included in the implied consideration calculation of C$1.80?
Based on a share price of C$2.25 per Blue Ant share and the Exchange Ratio, the implied consideration under the Transaction is C$1.801 per BRMI share (pre-consolidation), which is a 125% premium to the March 21, 2025 closing price of BRMI's shares on the Toronto Stock Exchange ("TSX").
[Based on the latest transaction price for Blue Ant shares at a price of C$2.25 per share; C$1.80 per BRMI share determined based on the exchange ratio and Blue Ant's agreed per share valuation which is based in part on the pricing of recent transactions completed by Blue Ant].
Boat Rocker Management to Complete Concurrent Management Buyout of Boat Rocker's Studio Business
Harry