Leon Cooperman did not talk about a squeeze-out, his questiona was about when a strategic investor wants to buy the company. Also look up the part when he talked about public value and the value an financial investor would pay.
In your case that is roughly got to go look at the machine here, wherever the last sale is, I got too many numbers, $44.71, that's public market value. And the other value is private market value, what would a strategic financial investor pay for the entire company?
Your post:
I'll suggest it would be MORE LIKE book plus 10% so mid 60's, WHICH would be aprox a 50% premium to the post split pps.......... 3.50 and 63.50$ would be $5.29 based on the 1/12
But imho it WON'T be at 81$ simply because THEY DON'T NEED TO, as they HOLD a MAJORITY VOTE
Remember I suggested back then that HAVING A HUGE TUTE ownership position can deff be bad as they could have come in back then and offered up $3.50 and there would be NOTHING we could do about it
Some heads were spinning when I put forth that suggestion back when