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The previous terms had an indicated value of about $47‐million.
CKE RESTAURANT GROUP INC., Anaheim, Calif., operator of the Carl's Jr. and Hardee's chains, said it would acquire Santa Barbara Restaurant Group Inc., Santa Barbara, Calif., operator of the La Salsa and Green Burrito chains, in a stock deal with an indicated value of about $54 million.
Based on Banc One's closing stock price of $25.75 per share on Friday, the deal has an indicated value of about $543.3 million, or about $60.05 per share.
The balancing factor reflects the importance of the maximal deviation of the indicators, where the maximal deviation means the maximum difference between an indicated value and the best value for the indicator (Dahab and Lee [1991]).
Similar(56)
In Table 1 each row represents the results for well-positioned sequences identified as having a dominant period at the indicated value.
Under the proposal, each share of Warner Communications would be exchanged for 0.465 share of Time, with an indicated market value of $50.74, based on Time's closing stock price of $109.125 a share on Friday.
Existing Clearwire shareholders will own approximately 27% and the other corporate backers will get 22% for their $3.2 billion, giving the new enterprise an indicated market value of $14.5 billion.
flag is forced to indicated value.
But since the end of June, the spread between TCI's stock price and the indicated value of the deal has widened, instead of continuing to shrink.
In the week just after the announcement, TCI's stock moved up toward the indicated value of AT&T's offer.
In early April, Birinyi Associates even published a list of ETFs and ETNs trading above or below 5% of their indicated value, according to Barron's.
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