Thread: ALL Virgin / NTL merger discussion
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Old 16-01-2006, 11:12   #99
SMHarman
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Re: [Merged] Virgin mobile merging with NTL to take on SKY
Quote:
Originally Posted by Chrysalis
so in your saying if they are holding out for increased amount per share as reported it means they get bigger % of total ownership of ntl and no cash involved at all?
Effectively yes. If NTL is £3 a share and they want to pay £600m then they need to give them 200m shares, to increase the bid to £900m they need to give them 300m shares, however it is not quite that simple as it is arguable that as they have just paid £900m for the assets of Virgin they must be worth that much so therefore the share price of NTL will increase in value to reflect the increase in the assets (the Virgin Assets) that NTL now owns so this is not a linear thing.
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