Author Topic: Looking for free options on Met Coal  (Read 9631 times)

rukawa

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Re: Looking for free options on Met Coal
« Reply #30 on: April 26, 2018, 04:59:21 PM »
I presume the buyers will finance the 53 cent cash out. No telling how many elect to cash out.

And why would the buyers do that? What do they get out of it? You are telling me they are paying 8 cents more than NAV. And the Cline assets are going to result in a separate distribution. So it seems like the payout of existing shareholders kind of screws over the buyers. Why would the buyers agree to it unless either the non-Cline assets are worth significantly more than reported NAV.


cashisking

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Re: Looking for free options on Met Coal
« Reply #31 on: April 26, 2018, 05:30:11 PM »
There is $171M (~$9.6 per share) of tax assets and a public vehicle. I'm not sure if all of those DTAs are useful or that they all survive the transaction, but my guess is thats why the buyers are interested in MAR