cbd/westinghouse merging by june, page-2

And from Reuters

"* CBD Energy will own 85 pct of combined co

* Deal likely to close in Q3

* CBD Energy expects deal to add to FY13 earnings"

And it will be an all stock deal

- at the moment CBD owns about 10% of WestinghouseSolar and CBD has a value of $38M.

Does this make the combined company worth about $260M (100/15%*38M)?

Seems like another Australian company got sick of Australian government's inability to get anything organised and has gone offshore.