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Diamond Foods, Inc. Message Board

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  • wooglin_kai wooglin_kai Dec 2, 2011 12:22 PM Flag

    Proctor & Gamble will own majority of DMND

    "Proctor & Gamble will own majority of DMND
    per the deal.
    float will remain unchanged
    shorts might want to think about this."

    Actually PG SHAREHOLDERS will own a majority of DMND if the Pringles deal closes.
    "float will remain unchanged"

    Riddle me this:
    How will PG shareholders own "a majority of DMND" with the float being unchanged??

    In the REAL WORLD PG shareholders will be receiving NEW DMND shares. DMND will be assuming DEBT. The level of DEBT DMND assumes depends on DMND's share price. Right now, DMND's share price is significantly below the low 40s and its my understanding that if DMND is still priced below the low 40s when (assuming it does) the deal closes, DMND will be required to assume MORE Debt from PG.

    It is interesting how altruistic the longs are vis a vis the shorts LOL.

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