Core Scientific's largest shareholder opposes undervalued all-stock acquisition deal.

[Bitu] Core Scientific's largest shareholder, Two Seas Capital, announced that it will vote against the transaction of selling the company in an all-stock deal, stating that the valuation of the deal is too low and has significant structural flaws.

In July of this year, a certain company announced the acquisition of the digital infrastructure company Core Scientific through an all-stock transaction. The value per share for this deal is $20.40. The agreed exchange ratio implies a company valuation of approximately $9 billion.

CORE0.26%
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ImpermanentPhobiavip
· 08-08 12:18
buy the dip is not as reliable as Rug Pull
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nft_widowvip
· 08-08 12:18
This deal has lost a lot, hasn't it?
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LongTermDreamervip
· 08-08 12:05
Three years, huh? Anyway, I've already lost, so what's one more time?
View OriginalReply0
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