1
8 million put option
100 million valuation post merger
25% more to bond than shareholders
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2
7 million put option
100million post merger
25% split equally
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3
5 million put option
120 million post merger
Special Account for Casa ?
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In my eyes the offer from LIA Pure Capital Is the winner .
One wonders whom the BOD will choose .
Although the Zero One proposal has more value Instantly , the longer term value seems to lay in option 2
. Do not discount another counter from GC.Hevron . Our first suitor and more detailed summation .
The future looks very very very bright for bondholders &shareholders of the once large building Company
Best of
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aug 2
GCHevron sweetens offer .
More great news.
Best of
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Plaza Centers NV - Amsterdam, Netherlands-based real estate developer - Receives revised proposal from investment firm GC Hevron Capital Ltd, as part of plan to preserve Plaza Centers assets, repay bondholders but also allow for new flow of activity in company so it can "maximize profits". Plaza to allocate just shy of 75% of shares in company to Hevron. Remaining stock to be divided among Plaza shareholders and bondholders. In this proposal, Plaza Centres to allocate 74.99% of shares to Hevron, with remaining 25.1% to be divided among shareholders and bondholders. Shareholders to receive 12.% and bondholders 12.6%. This differs from a July 9 proposal which divided it as 10.1% for shareholders and 15% for bondholders.
Current stock price: 425.00 pence
Year-to-date change: up sharply from 30p
By Eric Cunha; ericcunha@alliancenews.com
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