• oneotherfool
\$MNK recovered from 10% dip to 2.5% now. AT the same time \$MNK was down to \$75.50. Now it's back to \$80.
4/7/14
• oneotherfool: I had a bid for \$MNK at \$75.65 as soon as \$MNK hit 10%, missed it by like 15 cents...oh well....watching this is kind of fun.
4/7/14
• oneotherfool: Again, \$MNK was at this price with much higher risk on the table...Def. doesn't make sense to sell under \$80.
4/7/14
• oneotherfool: The formula to keep in mind is \$MNK SP=0.89*\$MNK SP + \$30.
4/7/14
• seekingthetrooth: Actually no...the formula is \$MNK=(\$QCORSP-30)/0.897 given \$MNK will fully consolidate \$MNK...not the other way round.
4/7/14
• oneotherfool: That does not change the math: y=ax+b is equivalent to x=(y-b)/a...you can put it in anyway you want depending on what you're solving for.
4/7/14
• oneotherfool: If your point is that \$MNK's price should be calculated out of \$MNK's price (the given being \$QCOR;s SP)...I disagree. If that were true,
4/7/14
• oneotherfool: the MNK's share price would have declined today to (67.87-30)/0.897=~\$42 and \$MNK would have not moved. Hence why I disagree with you.
4/7/14
• oneotherfool: Furthermore, deal was valued at 5.6B based on MNK's closing price on Friday of \$62.52. Do the math, you'll come up with why \$MNK was valued
4/7/14
• oneotherfool: at \$96 this morning...& y the deal would be \$5.6B. Sorry didn't mean to go on&on, but had to drive it home. Didn't wanna say "you're wrong."
4/7/14
• oneotherfool: *\$86 (not \$96).
4/7/14