Lets just take Arequipa for example. Here's the line from the link Sculpin provided:

When we look at stock prices, we must always keep things in perspective. I've mentioned this in the past, but we do have many new readers on this hub lately. The stock price, or takeout price per share, does not mean everything. You must take into consideration "How Many Shares Are Outstanding!"

In Arequipa's example, which was a 1996 takeout by Barrick, (Gold was trading at approx $400 per OZ) based on approx 5 Million OZ of gold @ an approx price of $200 per OZ in the ground (once again, it makes the $150 per OZ I use seem very conservative for 2011). Anyway, it was approx a $1Billion takeout. But, it was based on approx Only 33 Million shares outstanding (this is the key!)

So yes, the shareholders got $1 Billion divided by 33 Million shares outstanding, which was just over the $30 per share mark.

I know this example got mentioned at the AGM as well, everybody gets excited, and claps, but it doesn't mean nothing. With the number of shares SLI have outstanding, that would only be approx $8 per share for us, in this example, not $30! It still was a great story, especially for 1996, but that was only due to the number of outstanding shares they had.

So, bottom line, my point is, share price does not mean much, if you don't know how many shares are outstanding!

Shares outstanding is the Key!

Obviously the fewer, the better!