Merger w/cash payout

Discussion in 'Investing For Beginners' started by crazyK, Feb 11, 2015.

  1. crazyK

    crazyK Member Original Member

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    So I have ORB which just merged with ATK to form OA. According to this news report, I will be cashed out at .449 of OA's price. At what point in time is the price set? The very open of OA trading?
     
  2. JRW-910

    JRW-910 Administrator Staff Member Moderator

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    The way I read it, you will receive .449 shares of ATK for every 1 share of ORB that you own. You can not receive a fraction of a stock, so any difference will be paid in cash.

    If you have 5 shares of ORB, you will receive 2 shares of ATK plus a tiny amount of cash.

    Let us know how it works out.

    -JRW