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Hi everyone,
I am confused with the calculation of the existing premium. Acc to solution the premium of bid over the current share price is (2.32 * 8m/5). Could you explain it to me? The bid will an all share bid of 4 Paxis shares for every 5 Wragger shares Number of issued shares (Paxis: 7m, Wragger: 8m), I would calculate in the following way:
Shareprice of Paxis (2.98) * 5 corresponds to Shareprice of Wragger (1.92 + x [premium]) * 4 -> 2.98 * 5 = 4 * (1,92 + x) -> Premium would be 1.805.
Thank you for help.
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