Interesting that the BCI share price has rebounded a little following the T/O announcement, sitting around $3.20 today...
The value of this offer right now is $3.20 x .44 = $1.41 plus a 10c cash component per share = $1.51 per IOH share.
The IOH share price of $1.34 is offering a cheap way to get into some BCI shares right now plus a nice 10c bonus per share, I'm surprised IOH is trading at such a discount to the offer.
Interesting that the BCI share price has rebounded a little...
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