Post by
oscar1551 on Jan 30, 2019 12:54pm
Clarification
Can someone please clarify for me.....if I recieve .8377 shares of ALEF for every share of EMC, if the deal goes through....what price am I receiving the ALEF shares at? If anyone can explain that would be much appreciated - O
Comment by
Powerdome on Jan 30, 2019 1:41pm
You would receive Alef shares at the going market price. Say for example your Emc shares are trading at $1.20 American at the time of the merger and Alef is trading at $1.74. For each share of Emc you would receive $1.74 x .8377 =$1.4575. You would have gained .2575 cents per share of Emc which would then be converted into Alef shares for $1.74 per share.
Comment by
ArthurVandelay on Jan 30, 2019 5:36pm
This is an all share deal, so I wouldn't obsess about the price. They'll be worth what the market decides they are worth when the deal closes and the ALEF shares show up in your account. What "you" are receiving the ALEF shares at depends on your adjusted cost base for EMC. Your cost will remain the same, except you will have 0.8377 shares of ALEF for every EMC share you own. AV