Comment by
costell on Jan 08, 2012 9:46am
isnt it 70 million for 20 percent of the company?+
Comment by
bazilfawlty on Jan 08, 2012 10:13am
Genel /Valleres wants an EXTRA 40% https://online.wsj.com/article/BT-CO-20111221-706625.html
Comment by
EOIM on Jan 08, 2012 10:23am
For the person asking how we got 38 cents, here is the calclation: Offer price = $70 million LFD outstanding shares = 181.7 million shares price per share = 70/181.7 = approx 38 cents. Since this is on the lower end of the fair offer, we may get another offer from NIKO Resources. You would be a fool to think that other companies are not watching from the sidelines.
Comment by
hopeandaprayer on Jan 08, 2012 10:31am
the report says "deal," not "offer."
Comment by
EOIM on Jan 08, 2012 10:42am
We will get a full breakdown when thr company issues a press release. The most important thing is that we have $70 million on the table!