It looks like holders of CVSU will get $15, or $15 minus the difference of their stock, or just the average market value of the stock (which is according to Rufus, $34)... actually the SEC filing only comments if the holding company is less than $15, not greater than... I don't understand enough of the jargon however to conclude that shareholders of FHAL will also get $15..
And yes, it does looke like that if you do add the assets of FHAL and CVSU together and divide the suppossed # of shares (which is listed in the 8k), it does come out to $15. But that doesn't necessarily mean that the price the stock will be at $15 (even if they do set it at opening of the new company)... That would be determined by buyers and sellers, right?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.