The offer to RND/TBR shareholders is more than generous considering the current value of the companies:
TBR - $262m
RND - $146m
Total - $408m
Value of offer is $150m which is more than generous at 36% of the value of these companies combined. After all, NST are all ready running the JV and covering the costs. RND/TBR are essentially getting a free ride.
In my opinion, NST should only be offering $65m for RND/TBR stake in the JV which would equate to 16% of the current value of RND/TBR which in my opinion are massively overpriced at current market valuation.
As I said, this offer should be voted in the affirmative as it is a great offer.
Ann: Northern Star makes $150M offer for 49% stake in EKJV, page-25
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NST (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.61 |
Change
0.000(0.00%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13100 | $18.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.09 | 454 | 1 |
View Market Depth
| Last trade - 09.38am 26/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |
Day chart unavailable
