While calculating the impact of bid on EPS, and under the headline of : All Tidded Co shareholder take up share offer
Why is the number of shares after acquisition 340m + 90*2? I understood the 340 but why is 90 multiplied by 2? I can't understand the logic behind it
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June 2016, Q2(c)
8y ago#1The proposal now being considered is to offer to Tidded 2 shares in Louieed from every 1 share in Tidded. They are currently 90M shares in Tidded, so at 2 Louieed shares for every 1 Tidded share it will mean there will be 2 x 90M = 180M new Louieed shares.
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