tjbyfield
4th March 2005, 00:36
By my rough calculations IPO proceeds set to be approximately (15 + 13)/2 * 14.3 = $200.2 million. Proceeds to be used to pay special $100 million cash dividend and balance to reduce debt (present share holders are the financiers).
What a deal. Baan cost $135 million 18 months ago. Now owners getting $100 mil cash dividend and another $100 mil in interest and loan reduction and will get to keep majority ownership and absolute control of the company.
ref March 3, 2005: http://baan.ittoolbox.com/news/dispnews.asp?i=127032
also see previous threads on this topic
Who says that bean counters are not good for a company.
Terry
What a deal. Baan cost $135 million 18 months ago. Now owners getting $100 mil cash dividend and another $100 mil in interest and loan reduction and will get to keep majority ownership and absolute control of the company.
ref March 3, 2005: http://baan.ittoolbox.com/news/dispnews.asp?i=127032
also see previous threads on this topic
Who says that bean counters are not good for a company.
Terry