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Value Calculation makes sense GB gets equal 50% of the new company: 400 M (sons today's value) + 90 M cash = 490 M. Spending 490 to buy a private company with 430 M revenue is not a bad deal. By doing this, 1. the SONS bring a J. P. Morgan as a big investor. 2. SONS can focus on new product and GB can focus on Integration and customer support. 3. GB did sell itself for 490 M, the equity is STILL there. So did SONS share holders 4. More likely, it is pushed by big investors and major customers. Conclusion: It is a positive! |
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