Post by
Silence001 on Mar 27, 2018 11:42pm
Help me understand this please
The combination will be completed by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta) whereby Newalta shareholders will be entitled to receive: (i) 0.1467 of one common share of New Tervita ("New Tervita Shares") for each common share of Newalta ("Newalta Shares"); and (ii) 0.0307 of one warrant to purchase one New Tervita Share ("New Tervita Warrants") for each Newalta Share. Each New Tervita Warrant will be exercisable for a period of two years from the closing of the Arrangement at a price of $2.75 per equivalent Newalta Share. Thats where i got the numbers on, can someone walk me thru how i messed this up? New here thanks
Comment by
compsys68 on Mar 28, 2018 12:12am
options kick in when the price is 2.75/.1476=18.63 NEWCO trading price should start around 8.80-15.00 /share its trying to get the key piece that is eluding us. anyone out there holding tervita bonds ?
Comment by
Silence001 on Mar 28, 2018 12:38am
Then what is the exchange for newalta shares over to new tervita shares?
Comment by
compsys68 on Mar 28, 2018 10:15am
I don't understand your question, please clarify