TSK - TASK Group Holdings

[sb9]

Isn't the offer price closer to AU$1 if you accept part payment in PAR shares?

Something around that I think and the higher PAR price keeps going up, obviously higher price for your TSK shares provided you still holding.

[Baa_Baa]

Seems that way the way its trading currently. Someone sees more value at current level, which is higher than offer price.

Maybe it takes a while to sink in. If a shareholder takes the full buyout at A$0.81, it's a lot less than the implied valuation of taking 50% buyout and the remainder in PAR shares. From their announcement, you can see the delta:

• Cash Consideration - Under the Scheme, TASK shareholders will have the opportunity to elect to receive consideration of 100% cash at a price of A$0.81 per TASK Share (Cash Consideration). The Cash Consideration represents a 103% premium to the TASK closing price of A$0.40 per share on 8 March 2024 and a 107% premium to the 30-day volume weighted average price.
  
• Mixed Consideration - Alternatively, under the Scheme, TASK shareholders will have the opportunity to elect to receive up to 50% of their consideration in shares of PAR common stock (PAR Shares) at a ratio of 0.015 PAR Shares for each TASK share held (Share Consideration) with the balance payable in Cash Consideration (Mixed Consideration). Based on the closing price of PAR Shares on 8 March 2024 (Eastern Daylight Time) of $US43.41 per PAR Share, the Share Consideration implies a value of A$0.98 per TASK Share.

The buyout might not even happen, one needs to dig into all the conditions, but ... SP at A$0.81 selling out now, misses the potential upside of the "mixed consideration". Given also the lengthy timeframe, TSK could, on market potentially close that gap significantly.

And remember, if you sell now into market you incur the trading fees, whereas just letting the buyout happen and taking up the full 50% PAR consideration, you don't pay any trading fees.

[whatsup]

Maybe it takes a while to sink in. If a shareholder takes the full buyout at A$0.81, it's a lot less than the implied valuation of taking 50% buyout and the remainder in PAR shares. From their announcement, you can see the delta:

• Cash Consideration - Under the Scheme, TASK shareholders will have the opportunity to elect to receive consideration of 100% cash at a price of A$0.81 per TASK Share (Cash Consideration). The Cash Consideration represents a 103% premium to the TASK closing price of A$0.40 per share on 8 March 2024 and a 107% premium to the 30-day volume weighted average price.
  
• Mixed Consideration - Alternatively, under the Scheme, TASK shareholders will have the opportunity to elect to receive up to 50% of their consideration in shares of PAR common stock (PAR Shares) at a ratio of 0.015 PAR Shares for each TASK share held (Share Consideration) with the balance payable in Cash Consideration (Mixed Consideration). Based on the closing price of PAR Shares on 8 March 2024 (Eastern Daylight Time) of $US43.41 per PAR Share, the Share Consideration implies a value of A$0.98 per TASK Share.

The buyout might not even happen, one needs to dig into all the conditions, but ... SP at A$0.81 selling out now, misses the potential upside of the "mixed consideration". Given also the lengthy timeframe, TSK could, on market potentially close that gap significantly.

And remember, if you sell now into market you incur the trading fees, whereas just letting the buyout happen and taking up the full 50% PAR consideration, you don't pay any trading fees.

or tax!! out of the tax mans clutches.

[Baa_Baa]

or tax!! out of the tax mans clutches.

Excellent point, avoiding potential trading tax on capital gains at your marginal tax rate. If it was your choice to sell, and you did, despite the circumstances, who knows how the IRD will interpret that? If you don't 'choose' to sell, but are bought out somewhere between 50-100% against your will, that wasn't a self-motivated sell and should be tax free of capital gains. But who knows really how the IRD works, most people seem to be minnows to them and fly under the radar, until they're caught.

[Joshuatree]

Mkt Screener have 4 buy reccos one outperform ,5 holds.Average price target $51.43 ,current price $44.72. Good luck to those holding through I dont want to hold PAR and have a better use for the funds right now.Also any risks are not a prob for me hereon..Brokerage for USA co's can be higher too.

[carpfish]

Continuing it’s creep up

[blobbles]

Come on guys, up your offer: https://nz.finance.yahoo.com/news/ta...024000163.html

[Ggcc]

Come on guys, up your offer: https://nz.finance.yahoo.com/news/ta...024000163.html

If the deal falls through, the company has pissed many investors off including what I believe some on the board. Short sighted and ready to sell to just about anyone (as long as McDonald’s agreed) for a quick buck due to the biggest shareholders wanting the quick fix. All the best to current shareholders

[aperitif]

https://youtu.be/QJwC4gImK4U?si=NAorhPc1mInPBAqp

Podcast on PAR