More Inf: July 17,1996 Deal announced Electrotech Merger with TRKN(stock closed @$12.625). Nov 15,1996 Deal closes TRKN closes at $13.25. Christopher Dobson of Electrotech becomes largest shareholder with 4,853,334 shares. TRKN issued 5,600,000 shares to buy Electrotech. Aprox. value $75,000,000 divided by 5.6m shares=$13.39 per share. Actually a little higher because some of the value was paid in cash to Dobson as a non-competition fee, etc.
I am not trying to be precise, but to get a rough idea as to how much Dobson would want, since since he sold-out to TRKN the value of his shares had lost half their value in the last year.
Conclusion: $12-13 sounds good; however, Dodson also would want some premium for his shares ?? I think at least $15-16 for his shares? Any opinions??? |
