If Loeb has published that Yahoo Inc. is worth $20.00 per share.
That means that someone would pay what. If it is worth $20. the buyer is going to want to pay less than $20. Otherwise why buy it. So do your calculations on $19. and you might see it happen. "IF" it happens.
please do your homework before posting. That was his min estimate if you liquidated the assets. Here, I'll give you a special link so you can actually here the words right out of Loeb's mouth. Go to minute 42 in the video.