Why not? if Ad***** Ingram is worth R 35, then why shouldn't Tiger Brands be reduced by the equivalent amount. If they are unbundling it essentially the value has been transferred from the "parent" company over to the "offspring"
I agree but the announcement was made 2 weeks ago and the distribution of the Ingram shares happen on friday, why the correction today? Why not on the announcement? Or on Friday when the shares get distributed?
The Tiger shareholders should still be the owners of the new company. They should have been issued with shares in the new company. The ownership of Ad***** cannot simply be taken away from the existing shareholders? Did I miss something?