Market Cap is the total shares * current share price. But in any takeover, generally the bid is made over the current price to make it worth while to the selling party to do the deal.swampash wrote: ↑3 months ago Sorry, but can anyone make sense of the original suggestion behind the bids - specifically the reference suggesting that they are predicated on the belief the 'Glazers would sell for 6 Billion'. Where does that valuation for the Glazers shares come from? Is it really the multiple of the number of their shares times the share price or is it simply wrong?
It just sounds like a ridiculous figure to me for what is a pretty distressed asset.
As has been mentioned Utds cap in only about 2billion right now, but that doesnt factor in the "Prestige" and future earning potential if something like the ESL takes off ( and we are still able to get into it in 5 years time)
The Glazers can put any dollar value on those, to come up with a price, but like I said, I doubt they would sell for anything below 4bn.