FDC 0.34% $2.91 federation centres

This extract seems strangely worded. "Based on the exchange...

  1. 4,683 Posts.
    This extract seems strangely worded. "Based on the exchange ratio, existing Novion securityholders will own approximately 64% of the Merged Group and existing Federation security holders will own approximately 36%."

    Surely post merge security holders of FDC will own 100%?
 
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