Choosing cash vs. DIS shares for FOXA shares?
The deadline for the choice seems to have been delayed again, but from the limited information I got from my broker, it looks like the details of the choice are also changed. I haven't figured out where the new offer details might be posted online.
There are three options. I can't tell what the difference is between option 2 (DIS stock) and option 3 (DIS stock). I also can't tell what you get if you make no selection.
In the original offer, it was clear that making no selection is equivalent to making whichever selection was less popular, meaning that once the mega shareholders (who can decide 2 days later than ordinary shareholders and with better information) have made the better choice, those who made no choice get the worse choice. (Rather nasty compared to typical merger choice situations).
It looks now like maybe they fixed that, so making no choice is the same as choosing stock, which still might be the inferior choice, but at least making no choice wouldn't be automatically inferior. But this merger deal is also harder to understand than any other I've been through (which is more than a few). So I'm from from certain of any of the above.
Can anyone please give a more informed opinion on "what is the third choice" and "what does making no choice do", especially with some pointers of where to look in online documents for the information supporting such opinions?
Submitted January 29, 2019 at 01:51PM by jsf67 http://bit.ly/2DHBIGc
