He said that was "not a very big premium for change of control."
Indeed, investors are likely to demand a much bigger premium.
This is consistent with our first finding: people like broadband, but they aren't willing to pay a big premium for it.
The big premium probably reflects more than the fact that this deal will not close for many months.
The business is a great one in a bull market, when investors pay big premiums for that protection.
Taking shares would bring the biggest premium, estimated to be 55 percent over the current value of their investments.
If developers and businesses have to pay big premiums, they will pull out.
The companies offering the biggest premium over the spot market get the contracts.
You pay a big premium today for something that hasn't been altered.
That's why there is a big premium to the cash market.