TA Shares dropping and RWN swap dateThe notice says:
"The transaction is expected to close on October 5, 2023"
I have not seen a choice (yet) but 5 business days is too short for one.
I suspect there is no choice: $800 cash will be portioned to all RNW shareholders and the rest is TA stock. CanSiamCyp figured this was about 50% of each.
Recall that TA at $12.26 ($13.00/1.0337) means you get $13 in TA shares
Since TA quote is $11.90 the share swap will pay a crappy $12.30 in TA shares.
50/50 means you'll net out at $12.65.
If the swap is based on the Oct 5 price and the USA government shuts down the swap could be worth a lot less. Selling your TA shares (50%) on Oct 6 will be a very bad idea. Keep 'em and hope for a Santa rally.