Oct. 1 at 8:15 PM
$EMX both companies already trading above their implied market cap based on the merger price.
Should be about 60 million shares of
$ELE when the merger goes through in November. Current price of EMX implies
$18.32 price of
$ELE ticker.
Current implied market cap ~
$1.1B, market cap implied in merger transaction is 933MM.
Roughly a 17% increase.