Q: Bought deal fort PNG, $100M, at $2.66 a share. What does this mean? Seems like a high amount for PNG. Is this to get new sales and prepare/fulfill new larger orders? I believe all this is good news but I defer to the experts. Is it good for shareholders?
5i Research Answer:
A $100M issue is sizeable for a $750M company, but the company is growing fast. The discount is...