SMM 0.00% 0.3¢ somerset minerals limited

areva buys in at 6.20 a share, page-5

  1. 5,233 Posts.
    can someone explain how $6.75 is a 31% discount to the market price on 5th april???

    "Summit and Areva based their discussions around a common objective of creating a long term mutually beneficial relationship. Based on those discussions, the board of Summit is confident that Areva will take up its entitlement to 18% of the shares in Summit, at which point Areva will have acquired its shares at an average price of A$6.75 – a 31% premium to the closing price of Summit shares on 5 April 2007."


    did i miss some transactions and some selling opportunities???


    andrewe

 
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