Now the deal is closed, they'll issue a secondary to pay for it. How big will it be and how soon? I bought puts today, the July's are cheap.
450 million divided by 27 or solooks like 16-17 million shares or sojust depends on how much they want to leave on the revolver
6,000,000 share secondary, probably priced at 28.5 or so
the raise was less than we thought it would be