Under the terms of the merger agreement, each outstanding common share will be converted into the right to receive $11.00 in cash, less the amount of any pre-closing dividends paid with respect to the common shares, which are expected to be $3.37 per common share in the aggregate. Does this mean that each shareholder should receive a dividend check for 3.37 per share and then a second check for 7.63 a share?
Hoping someone can explain. Thanks
Answer:
That is what it sounds like. Next time you ask a question like this -- provide the name of the company. If I had that, I could give you a more definitive answer.
Sounds like you got it right to me.
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