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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Ashley800 who wrote (7533)4/7/1999 9:46:00 AM
From: Mr_X  Read Replies (2) of 18998
 
Here's the Delia/I-turf math:

Each share of DLIA will have .8 shares of I-Turf imbedded in it. So Iturf at 60 would imply 48 of value for DLIA, less some discount (say 40%) gets you 28-30 of I-Turf, plus whatever the rest of DLIA is worth (maybe 10), implies high 30's if I-Turf trades 60.
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