KMD - Kathmandu

[JayRiggs]

personally, 7/9 and 25cps for the next 40% is affordable for Mr Duke and he'd end up with 55-60% of both BGR and KMD. TBH, he also has to prove himself in the australian market where kmd is. kmd will be getting an independent valuation which on current data was $1.90 (morningstar). if 2h numbers are better then anything up to $2.50 is possible hence my numbers

Yeah 25cps cash sounds more reasonable. In case we miss the KMD full year dividend, it'll make up for it, assuming the dividend is at least 5cps, but as history shows, it would probably be 7c.
Rod Duke is just doing what he has to. Starting his bid low at $1.80.
I would be surprised if the KMD board accepted this. Let them bargain it out.

[Harvey Specter]

Yeah 25cps cash sounds more reasonable. In case we miss the KMD full year dividend, it'll make up for it, assuming the dividend is at least 5cps, but as history shows, it would probably be 7c.
Rod Duke is just doing what he has to. Starting his bid low at $1.80.

I assume a dividend will be paid to allow the utilisation of tax credits. Though being hostile takeover, those details may not be know to be factored in.