Grubb, My understanding is that for every PBL share you get one Crown and $3 in cash. Next, for every Crown share you get a Media share as well as keeping the Crown Share. So, one Crown share plus one Media share is worth $17. (todays PBL price is $20 and minus the $3 is $17).
Analysts ex AFR 19/10 believe one Crown share is worth $15 to $16 and a Media share is worth $4.50 to $5 - giving a range of $19.50 to $21 for the original $17. I suspect the $3 cash back could be subject to CGT.
So - who would like to comment on the likely outcome or if I have gotten my facts right or wrong - Is our super hero Clark Kent about for an enlightening comment ??? Regards to you all.
PBL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
