Somebody please check my work before re-posting it. . .
I must run off to wife's son's baseball game, but check this valuation of PTEK and see if you can tighten it up some. . .I could only find approximate valuations on PTEK prior to merger and need accurate ones. . . please work figures as closely as possible.
Will try to answer questions tonight.
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WebMD has approximately 1,734,000 million shares outstanding
[according to recent news quoting WebMD's registration statement]
WebMD shareholders will receive 1.815 shares of Healtheon [HLTH] stock
HLTH closed at 100 dollars per share today
This means that each share of WebMD stock is now worth $181.50 per share
Premiere Technologies [PTEK] owns 12.1% of WebMD or 2.1 million shares with a market value of $381,150,000
PTEK's CEO owns 12.7% of WebMD or 2.2 million shares with a market value of $399,300,000
Together they own 24.8% of WebMD or 4.3 million shares with a combined market value of $780,450,000.
PTEK had a market cap yesterday of about $ 775,000,000. Today that number would be approximately 50 percent higher at about $1,156,150,000 or 1.156 billion dollars and putting the PTEK share value at $ 24.00 per share.
Rande Is |
