Dear All
Let us say Glencore were now floating off their interest in MRE rather than buying the minorities.
And let's assume that Glencore wanted $3 a share.
I wonder if KPMG would have come have come up with the same figure of 70 to 97 cents a share.
And this is why the valuation process is deeply flawed and requires change.
Cheers EOS
kpmg valuation process
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