Furthermore, I would like to add some additional color and clarity on how and why I believe a P / E of 15 is so important and relevant to valuation
considerations on common stocks.
Not exact matches
Under the terms of the merger agreement, Dell stockholders will receive $ 13.75 in cash for each share of Dell
common stock they hold, plus payment of a special cash dividend of $ 0.13 per share to stockholders of record as of the close of business
on Oct. 28, 2013, for total
consideration of $ 13.88 per share in cash.
Pursuant to ASC 805 - 10, under the acquisition method, the total estimated purchase price (
consideration transferred) as described in Note 3, Preliminary Purchase Price Allocation, is measured at the acquisition closing date using the fair value of the Company's
common stock on that date.
The convertible security issued by MediciNova as
consideration would allow each Avigen stockholder at their election to either (i) convert each share of such convertible security into shares of MediciNova
common stock at a conversion price of $ 4.00 per share at certain pre-specified accelerated conversion dates or the Final Conversion Date or (ii) have the convertible security redeemed by MediciNova
on the Final Conversion Date for cash in an amount per share which represents the Net Cash Assets per share of Avigen.
[Mr. Scott] intends to review his investment in [ASYS]
on a continuing basis and, depending upon the price and availability of shares of the
Common Stock, subsequent developments affecting [ASYS], [ASYS]'s business and prospects, other investment and business opportunities available to [Mr. Scott], general stock market and economic conditions, tax considerations and other factors considered relevant, may decide at any time to increase or to decrease the size of his investment in [A
Stock, subsequent developments affecting [ASYS], [ASYS]'s business and prospects, other investment and business opportunities available to [Mr. Scott], general
stock market and economic conditions, tax considerations and other factors considered relevant, may decide at any time to increase or to decrease the size of his investment in [A
stock market and economic conditions, tax
considerations and other factors considered relevant, may decide at any time to increase or to decrease the size of his investment in [ASYS].
We understand that MediciNova, Inc., a Delaware corporation, (the «Offeror») has made a non-binding, publicly disclosed offer (the «Offer») to acquire, pursuant to a proposed merger transaction, all of the issued and outstanding shares of
common stock, par value $ 0.001 per share (the «Common Stock») of Avigen, Inc., a Delaware corporation (the «Company»), in exchange for the Consideration (as defined below) pursuant to letters sent by the Offeror to the Company dated December 22, 2008 and February 9, 2009 (the «Letters»), which letters are contained in the Offeror's Current Reports on Form 8 - K filed with the Securities and Exchange Commission (the «SEC») on December 23, 2008 and February 9, 2009, respect
common stock, par value $ 0.001 per share (the «Common Stock») of Avigen, Inc., a Delaware corporation (the «Company»), in exchange for the Consideration (as defined below) pursuant to letters sent by the Offeror to the Company dated December 22, 2008 and February 9, 2009 (the «Letters»), which letters are contained in the Offeror's Current Reports on Form 8 - K filed with the Securities and Exchange Commission (the «SEC») on December 23, 2008 and February 9, 2009, respecti
stock, par value $ 0.001 per share (the «
Common Stock») of Avigen, Inc., a Delaware corporation (the «Company»), in exchange for the Consideration (as defined below) pursuant to letters sent by the Offeror to the Company dated December 22, 2008 and February 9, 2009 (the «Letters»), which letters are contained in the Offeror's Current Reports on Form 8 - K filed with the Securities and Exchange Commission (the «SEC») on December 23, 2008 and February 9, 2009, respect
Common Stock») of Avigen, Inc., a Delaware corporation (the «Company»), in exchange for the Consideration (as defined below) pursuant to letters sent by the Offeror to the Company dated December 22, 2008 and February 9, 2009 (the «Letters»), which letters are contained in the Offeror's Current Reports on Form 8 - K filed with the Securities and Exchange Commission (the «SEC») on December 23, 2008 and February 9, 2009, respecti
Stock») of Avigen, Inc., a Delaware corporation (the «Company»), in exchange for the
Consideration (as defined below) pursuant to letters sent by the Offeror to the Company dated December 22, 2008 and February 9, 2009 (the «Letters»), which letters are contained in the Offeror's Current Reports
on Form 8 - K filed with the Securities and Exchange Commission (the «SEC»)
on December 23, 2008 and February 9, 2009, respectively.
Expected volatilities are based
on a blend of historical and implied volatilities of our
common stock; the expected life represents the weighted average period of time that options granted are expected to be outstanding giving
consideration to vesting schedules and our historical exercise patterns; and the risk - free rate is based
on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected life of the option.
Starwood stockholders will separately receive
consideration from the spin - off of the Starwood timeshare business and subsequent merger with ILG of approximately $ 5.67 per Starwood share, based
on the 20 - day VWAP of ILG
common stock ending March 17th, 2016.