(12-12-2014, 09:50 AM)opmi Wrote:(12-12-2014, 09:43 AM)GPD Wrote: FEG announced VOLUNTARY CONDITIONAL CASH OFFER FOR CH OFFSHORE LTD.
If it is a all-debt route, wouldn't it simply bumped up metrics like EPS and BV? How do one value FEG share price after the acquisition?
>50% can consolidated accounting profits.
>50% <100%, accounting profits only. No access to cashflow. only way to get cash is to pay div.
Seems like market is of the view that this will not go thru or FEG has to raise offer price. CHO price shoot beyond $0.495 while FEG price raised and quickly collapsed back to pre-announcement price.