Thursday, March 13, 2014
Memstar
Memstar: We highlight an arbitrage opportunity for Memstar, based on the current price of $1.36 for United Envirotech.
Recall, the calculation for the fair value of Memstar shares
= [$73.4m cash + (200.1m UENV shares x $1.36 UENV current share price)] / 2,661.41m Memstar shares
The above calculation equates to $0.130 for Memstar shares.
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