Aug. 19 at 12:20 AM
$PYPL NEW BOLD STATEMENT: PAYPAL HAS “ZERO” ECONOMIC INCENTIVE TO SELL BELOW
$110
Nelson M. Rangel, CIO of Raven Capital B.V., says PayPal shareholders have “ZERO economic incentive” to engage with Stripe or Advent below
$110 per share.
That’s a hell of a statement.
If true, the reported
$60.50 offer isn’t even close to where serious shareholders believe PayPal’s economic value sits.
$60.50 is an opening bid.
$110 is where the real conversation begins.
I agree. They would be giving the company away for anything under
$100 at the least. The problem is that Strip is going to slow roll their bid. They know another bidder is coming to the table at some point.