largest nz private education provider, page-6

Certainly sounds like they're going to reclassify parts of goidwill finch. However how their cash flow goes in the future is more important than what they decide to do with goodwill value.

Dividend seems to indicate a positive outlook.

Purchase certainly changes company profile and scale. There was a week or so post purchase where awn looked decidedly cheap imo. Current price is around my base case value, however as you point out need to see how they finalise the quantum purchase to get a clearer understanding of value. Looking at education business on the asx it is possible to speculate awn is still cheap.

That said, Chin is highly incented based on shareholder returns. Hopefully that means however it happens favours current holders.