RE:My understanding without the prospectus This press release seems a bit confusing. One thing I can't determine is if the agreement equates to 0.607 per share "and" .3035 of the newco or, 0.607 or .3035 of the new co.
if it is the latter "or" situation, who gets to determine the combination of cash and shares?
If a shareholder receives both under the "and" scenario, there is value in this deal but it certainly isn't written clearly this way.
In all fairness, who in thier right mind would agree to the "or" situation with a combination of cash and shares?