Talksport Radio reporting that Stan Kronke has agreed
takeover price for shares, taking his holding to 60 % + Not sure of exact details yet.
According to the Financial Times, «JPMorgan executives are particularly concerned at the disappointment felt by Bear's rank and file, many of whom are shareholders, at the
low takeover price.»
-- I've made no subsequent changes to the file, except: i) to adjust for DCC (DCC: LN) migrating to a London - only listing & for Petroceltic International (PCI: LN) consolidating its shares 1 for 25, and ii) Continental Farmers Group (CFGP: LN) will continue to be included at its GBP
36p takeover price (the Saudi bail - out came in the nick of time, just before the cash ran dry!).
(For the persnickety: Those multiples refer to the companies» enterprise value divided by their Ebitda profit, a good way to determine
a takeover price.)
The takeover price, at $ 72.50 a share, was almost 20 percent higher than the company's recent all - time high.
Advice: The enterprise value is often seen as
the takeover price for a company because this is what a company would have to pay.
NSW - based Bega Cheese, which owns 18.7 per cent of WCB, conceded defeat in the takeover race this week, as the bidding war pushed
the takeover price from $ 320 million to $ 533 million and out of its reach.
You only get to agree
a takeover price once, these fees are only 5 % of overall revenue, and I'm confident management will enjoy far larger cumulative incentive fees in the future].
Remember, AGI traded in EUR (or GBP) but
the takeover price was $ 0.1171 per share (and holders could opt for equiv.
Datalex has enjoyed an even bigger rally — I suspect
a takeover price would be well in excess of my own target price, but the share price currently looks stretched also.