Your math is a little convoluted. It’s not .8377 x dollars it’s .8337 x the price of an Alef share. For example: emc closed on Friday at $1.27 a share U.S.. alef closed at $1.908. If the merger had taken place on Fri. emc shares would be valued at .8377x 1.90= $1.598. That’s a gain of .328 per share. Then multiply $1.598 by the number of emc shares you own and that dollar amount would be converted to Alef shares at $1.908 per share. That’s a lot more shares of alef than you would have been able to buy at $1.27 per share before the merger.
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