Quote Originally Posted by KS View Post
Has the offer been reduced from $3.6555 to $3.4555?

16/11/2007 TAKEOVER
Auckland International Airport Limited (Auckland Airport) has today received
a takeover notice from NZ Airport NC Limited (NZ Airport), a related company
of Canada Pension Plan Investment Board (CPPIB). The takeover notice was
expected following the announcement by CPPIB on 7 November.

A copy of the takeover notice is attached. NZ Airport intends to make a
partial takeover offer for 39.53% of the total issued ordinary shares of
Auckland Airport at an offer price of $3.6555 per share.


06/12/2007 TAKEOVER
Auckland International Airport Limited (Auckland Airport) has been requested
by Canada Pension Plan Investment Board (CPPIB) to make the following
announcement in connection with the proposed amalgamation referred to in its
Notice of Intention to make a Partial Takeover Offer dated 16 November 2007:

"CPPIB has decided to make a change to the indicative terms of the stapled
securities that would be issued under its proposed amalgamation structure to
modify the weighting of the convertible note and ordinary share components of
the stapled securities.

It is now CPPIB's intention that each stapled security would consist of:

- an ordinary share issued with a face value of $0.7055;
- a convertible note issued with a face value of $2.75.

Okay, this newbie cannot get their head around this?

What does it mean that...

- an ordinary share issued with a face value of $0.7055;
- a convertible note issued with a face value of $2.75

If an offer goes through, what can I sell my shares for????