(10-28-2014, 05:58 AM)thecrazykevy Wrote:
I guess in theory. If the stock was trading at a market cap of $900 million with around 60 million ADSs oustanding like at the end of 2013, that would give about a $15 stock price.
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Yeah I calculated it as $14.27. However now Bison offer becomes something totally different. So They were not offering almost $600 million to purchase NQ, they were offering almost $900 million, a big difference you would agree. I am assuming the number of shares didn't shoot up in two months, and Bison must have known how much money they needed to buy NQ.
"NQ Mobile Inc. ("NQ" or the "Company"
(NYSE: NQ), a leading global provider of mobile Internet services, today announced that its board of directors (the "Board" has received a non-binding proposal from Bison Capital Holding Company Limited ("Bison" to acquire all of NQ's outstanding ordinary shares and American Depositary Shares ("ADSs," each representing five ordinary shares of NQ). Bison has proposed a fixed cash consideration of US$9.80 per ADS"