4B after taxes and expenses.. My calc says 32.2..read below.
the current market cap is based on certain earnings right. Now those earnings are gonna decline by the loss from canada operations.. so about 1/3rd of total revenue is from CAD operations.. so that makes the existing marketcap to shrink by 1/3rd. so 5.5/3 = 1.8.. so the new market cap should be 3.7B, but now lets add the new cash.. 3.7+4B = 7.7B.. but the kicker is that safeway wants to buy the shares.. so shorts would be forced to cover..so for a market cap of 5.5 if the stock price is at 23.. for a market cap of 7.7 the stock price should be 32.2... Is my thinking right????