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"Salesforce is paying $33.75 a share, which amounts to an 11.7 percent premium over yesterday’s closing price of $22.10. Salesforce shares are down by more than
by mrjaeger 13y ago
"Salesforce is paying $33.75 a share, which amounts to an 11.7 percent premium over yesterday’s closing price of $22.10. Salesforce shares are down by more than 2 percent, or $40.16, in pre-market trading on the news."
How does any of that math make sense? Since when does 2% of $22.10 amount to $40.16, or is my brain just not working so early in the morning?
- publicfig 13y agoExact Target shares were at 22.10. Salesforce shares are at 40.16.
- klinskyc 13y agoIt's awkwardly worded but they meant that the salesforce stockprice ( not exact targets) is down 2% to its (at the time current) stock price of 40.16. As you can see from this link, http://finance.yahoo.com/q?s=CRM http://finance.yahoo.com/q?s=CRM. Its now down to around 39.56, a 3.59% decrease.
- finnh 13y agoLooks more like a 50% premium to me.