MSFT deal valued BKS around $1.7B and the market cap at the time was significantly lower. Its now hovering around $1.2B and still falling... Looking to exist today if no significant recovery above $20 today... Seems like $20 is the new resistance.
Liberty= 16.6% for $205 mil with convertible PPS strike @ $17.00MSFT= 17.6% of Newco for an actual $605 mil... Do the PPS math........ MSFT sees $45 for Nook deal