Fair value based on yesterdays aud/cad and closing price of ELD on TSX, the value of sgx should be 6.905.
It is interesting that management have folded so easily !.
6.905 is hardly a significant premium and I can only see this falling, as the ELD on TSX is over valued, shareholders of ELD I am sure were hoping for better new than a takeover of SGX here.
opportunistic, page-2
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