Shares of PVR zoomed 10 per cent to hit a new 52-week high of Rs 2,010.35, while the share price of Inox also jumped 20 per cent and hit the upper circuit to touch a new 52-week high of Rs 563.6.
mixed track record. we haven t found a whole lot of success stories and yet they have, you know, this regulatory clout, a number of deals end up in the cross hairs of s.e.c. investigators as you mentioned. is it a problem if trump s company turns out to be fake like those other fake companies associated with this shanghai group that you guys wrote about today? is it are there rules about all this money that has been raised by these means for this supposed trump media venture if it never comes to fruition, can they take the money and run? so, interesting thing about this deal, it is a merger deal, not a traditional ipo. and that somehow gives them a little bit more latitude to make bold claims they don t necessarily support right away. once the merger goes through and the trump business is publicly listed, they re going to have to pretty soon start sharing their financials, they have to start having audited financial statements, quarterly earnings reports and you have to actually
it s a merger deal, it s not a traditional ipo. that somehow gives them a little bit more latitude to make bold claims, that they don t necessarily support right away. but, once the merger goes through and the trump business is publicly listed, they re going to have to share their financials. they will have to be audited, quarterly earnings. reports are going to actually have to see what this business is. if it s a shell business, you are allowed to have a shell business with no active operations in the u.s.. you have to be clear in upfront about it. it appears that they are not going that. route it appears that they are trying to build this media company. , and yeah, there will be investors who will want to see that company. at the end of this, deal there will be over one point $2 million in donald trump and his associates pockets. they are going to have a responsibility, or there will be expectations by investors
track record and no success stories and yet they have had a number of deals end up in the crosshairs of the sec investigators. reporter: is it a problem if trump s company turns out to be fake like those other fake by the venture.ose other fake by if it never comes to fruition, can they take none and run? so the interesting thing about this deal, it s a merger deal. it s not a traditional ipo, and that somehow gives them more latitude to make both claims. but once the merger goes through and the trump business is publicly listed, they re going to have start sharing their financials, financial statements, quarterly earnings reports, and you re going to have to actually start to see what is this business. and if it s a shell business, you re allowed to have a shell business but no active operations in the u.s. you have to, like, be clear and
Tilray, Inc. (NASDAQ: TLRY) and
Aphria, Inc. (NASDAQ:APHA) have merged after months of negotiations, creating a company with a combined market cap of $3.3 billion.
The two Canadian cannabis giants had been in talks since December with Aphria’s current CEO Irwin Simon to create a new enterprise.
In April, Aphria shareholders finally voted in favor of the merger. Tilray shareholders followed suit and approved the transaction on Friday.
The Merger Deal: Under the deal, each Aphria shareholder received 0.8381 of a Tilray share for each Aphria common share held on April 30.
The resulting company, which is expected to generate roughly $81 million in annual pre-tax cost synergies within the next eighteen months, kept the Tilray name and will continue to trade on Nasdaq Global Select Exchange under the ticker symbol TLRY.