VICI would appear on the daily list, an EX-DATE would be set for distribution of the dividend. One would need to own VICI by close of business the day before EX-DATE. One could sell VICI on EX-DATE and still get the dividend.
I agree that people would be buying into this for the merger alone. IMO it is not clear that it will be a reverse merger, I had the impression the company was going to issue shares of the new company and you would still have your original VICI shares. That is better than a reverse merger.
Additionally, one has the benefit of an S8 ending which would also cause the price to increase. The end of the S8 is just an added benefit in terms of PPS when combined with buying pressure due to the merger IMO.
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