Just read this new (link to full story on ET below) – Yatra Online, Inc., an India-based online travel agent, and Terrapin 3 Acquisition Corporation (TRTL), announced on Thursday that they have entered into a definitive agreement to combine in a transaction that values Yatra at an enterprise value of $218 million.
Correct me if I’m wrong – Wasn’t TRTL smart to get Yatra merged for just $87 million?
Yatra shareholders get $80 million MAX in cash; Plus $7 million [35% of $20 million which goes into combined company]
Plus $35 million ‘in air’ [based on 18 month targets – consider it vapour?]
In effect, Yatra with $900 million txn value annually went for a song!
Am I missing something? Alok, your help needed 🙂
Best regards,
Anil, @hmarketingclub
Yatra Online agrees to be acquired by Nasdaq-listed Terrapin 3 Acquisition Corp
By Biswarup Gooptu & Anirban Chowdhury, ET Bureau | Jul 15, 2016,Â
