CHO MLT

Ann: Calculation of Exchange Ratio , page-2

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  1. intheblack08
    477 Posts.
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    24/11/10
    04:32
    Post #: 7516545
    Exchange ratio announced as 0.2788.

    At the latest closing prices (MLT 16.9, CHO 4.9), each CHO share will be exchanged for 0.2788 x $16.90 = $4.71 worth of MLT shares. This translates to a 4% loss on the transaction.

    I'm predicting this discrepancy will narrow as we get closer to the date of the merger.

    Any thoughts?
    CHO Price at posting: $4.90 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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