Did they mean to say 'volume weighted average mark
Post# of 36729
Posted On: 03/15/2014 6:58:36 PM
Did they mean to say 'volume weighted average market value of the shares of each company' rather than "volume weighted average market value of each company." Who wrote the PR?
1. Volume weighted average market value of the shares of each company
2. Volume weighted average market value of each company (What are they talking about?)
So far, I have found no mergers, buyouts, acquisitions or stock repurchases based on the volume weighted average market value of the companies in question.
What I have found only are mergers, buyouts, acquisitions or stock repurchases based on 'volume weighted average market value of the shares of the company' (i.e., price) or, said another way, 'volume weighted average trading prices of the shares'
Giant merger of JnJ and Synthes
($ amounts used for sake of example)
Upon closing of the merger, each share of Synthes common stock you hold will be converted into the right to receive a combination of (i) $55.65 in cash and (ii) shares of Johnson & Johnson common stock.
The number of shares of Johnson & Johnson common stock you receive will depend on the average of the volume weighted average trading prices of Johnson & Johnson common stock on each of the ten trading days ending two trading days prior to the effective time of the merger.
If the average of the volume weighted average trading prices of Johnson & Johnson stock on each day during this valuation period, as converted into US$ on each day in the valuation period, is between $52.54 and $60.45, then you will receive a number of shares of Johnson & Johnson common stock having an aggregate value of $103.35 in exchange for each of your shares of Synthes common stock.
If the average of the volume weighted average trading prices of Johnson & Johnson common stock on each day during the valuation period is less than $52.54, then you will receive 1.9672 shares of Johnson & Johnson stock in exchange for each of your shares of Synthes common stock.
SABMiller acquires Amalgamated Beverage Industries (ABI)
The “Before the scheme” column reflects the 30-day volume weighted average JSE market value per ABI share (i.e., price) calculated for the 30 days preceding Wednesday, 21 July 2004, being the day of publication of ABI's first cautionary announcement. The "After the scheme" column shows the consideration to be received per ABI share.
Share repurchase
"The price offered to these shareholders will be equal to the volume weighted average market value of the Sanlam ordinary shares (i.e., price) traded on the JSE for the five business days immediately preceding Friday 16 September 2005, plus a 20 cents per share premium. Shareholders who decide to take up the offer will not be required to pay transaction or other associated costs."
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Merger statement: "The final exchange rate for the common shares of AEGY and SKTO will be based on the volume weighted average market value of each company on the record date, which has not yet been determined."
1. Volume weighted average market value of the shares of each company
2. Volume weighted average market value of each company (What are they talking about?)
So far, I have found no mergers, buyouts, acquisitions or stock repurchases based on the volume weighted average market value of the companies in question.
What I have found only are mergers, buyouts, acquisitions or stock repurchases based on 'volume weighted average market value of the shares of the company' (i.e., price) or, said another way, 'volume weighted average trading prices of the shares'
Giant merger of JnJ and Synthes
($ amounts used for sake of example)
Upon closing of the merger, each share of Synthes common stock you hold will be converted into the right to receive a combination of (i) $55.65 in cash and (ii) shares of Johnson & Johnson common stock.
The number of shares of Johnson & Johnson common stock you receive will depend on the average of the volume weighted average trading prices of Johnson & Johnson common stock on each of the ten trading days ending two trading days prior to the effective time of the merger.
If the average of the volume weighted average trading prices of Johnson & Johnson stock on each day during this valuation period, as converted into US$ on each day in the valuation period, is between $52.54 and $60.45, then you will receive a number of shares of Johnson & Johnson common stock having an aggregate value of $103.35 in exchange for each of your shares of Synthes common stock.
If the average of the volume weighted average trading prices of Johnson & Johnson common stock on each day during the valuation period is less than $52.54, then you will receive 1.9672 shares of Johnson & Johnson stock in exchange for each of your shares of Synthes common stock.
SABMiller acquires Amalgamated Beverage Industries (ABI)
The “Before the scheme” column reflects the 30-day volume weighted average JSE market value per ABI share (i.e., price) calculated for the 30 days preceding Wednesday, 21 July 2004, being the day of publication of ABI's first cautionary announcement. The "After the scheme" column shows the consideration to be received per ABI share.
Share repurchase
"The price offered to these shareholders will be equal to the volume weighted average market value of the Sanlam ordinary shares (i.e., price) traded on the JSE for the five business days immediately preceding Friday 16 September 2005, plus a 20 cents per share premium. Shareholders who decide to take up the offer will not be required to pay transaction or other associated costs."
###
Merger statement: "The final exchange rate for the common shares of AEGY and SKTO will be based on the volume weighted average market value of each company on the record date, which has not yet been determined."
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