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A slide deck was presented on Tuesday morning's conference call, but analysts found little there to explain how Mr. Hurd would justify the nearly 33percentt premium (based on Friday's close) he is offering to buy Electronic Data, a Texas-based technology outsourcer.
The offer is at a 22percentt premium based on Tuesday's closing prices.
That represents a 15percentt premium based on Aquila's close yesterday.
The offer values shares of Hertz at a 2percentt premium, based on yesterday's closing price.
Each customer would be charged a premium based on the total risk of the pool.
It is close to a 100percentt premium based on Sun's value before rumors of an acquisition spread last month.
Similar(17)
Charging exorbitant premiums based on sex, age or health status will be outlawed.
The best outcome will be premiums based on objective and credible measures of educational gain.
They propose an insurance system with premiums based on each country's debt and budget deficit.
About 5 percent of beneficiaries now pay higher premiums based on income.
About 5 percent of Medicare beneficiaries now pay higher premiums based on income.
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