06-03-2016, 03:01 AM
'davidhmtk' pid='71346' datel Wrote:As of 12:39 pm EST June 2nd I will keep this updated hourly !OSH share AUD 6.69
Exchange rate = .7227
OSH in USD = $4.83
8.05 OSH shares = $38.92
IOC price = $42.22
Implied value of CVR = $3.30
I follow trading very closely, have for many years. The ioc stock,imo ,is being held down for a good while here, while this deal was cooking. It is still bein held down , by my best guess our markemaker or others. This makes it basically impossible to property evaluate what the real perception of the value of the CVR really is.. From all fronts, including the ws contingent, this deal is being worked constantly to the buyers benefit and has been since March 10 trading imo. fwiw
( so assumes 6.75 TCF Gross )