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News: Ten Network contemplates offer, page-15

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A. Corn

73 Posts.

08/12/14

13:44

Post #: 14426345
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Originally posted by greedy ↑

I thought the Discovery/Foxtel offer was meant to be 23c PLUS non-voting shares in the continuing entity to gain exposure to up-side or is this only for Bruce Gordon? If so, the current 20c is cheap in that context? I'm finding the current media analysis superficial.

If Discovery buy-out 100% of the shares at 23c and issue Class B shares to replace them then theoretically doesn't this mean that each new share is worth 1/2 of 23c? Therefore the real take-over price is 23c PLUS 1/2 of 23c PLUS exposure to up-side, which equals 34c plus?

Happy to be corrected.

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Time to buy ...

TEN Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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