By my reckoning this company will be trading at around 35c cash backing and no debt in 4 months time.
Holders will also get a share in the 10 mill stapled securities fund which will pay you 10% per annum at current rates?
Also 25,000,000 shares in HUN which would be given to holders?
Is all this correct, or am I missing something, I have read the terms and conditions of the takeover and they arent much so it looks like this will be a goer. Even if it isnt RNC business model is looking quite good currently so would make a good investment on its own without the takeover offer.
RNC Price at posting:
20.0¢ Sentiment: Buy Disclosure: Not Held
