by pcurve 17 hours ago
Not sure how many of you have WBD shares with its rather tumultuous past (spin off from ATT, the Bill Hwang mess), but if you've picked up shares on the cheap in the past few years sub $10, congratulations.
"Under the terms of the agreement, each WBD shareholder will receive $23.25 in cash and $4.501 in shares of Netflix common stock for each share of WBD common stock outstanding at the closing of the transaction. "
Note: this is after completion of the current splitting of WBD; as you'd expect Netflix wants the catalog and production but they're not taking the sports and some other pieces. The left over / newly revived Discovery Global will likely be a hollowed-out shell of less desirable properties saddled with a bunch of debt.
That's $4.50 superscript 1
I thought someone really had to break some threshold so they wouldn't close the deal unless they got another .001. Like maybe some bonus depended upon some target value.
WBD price at this moment is just $25.28. I think there are some complicated conditions associated with the terms.
The exchanges are also closed.
Premarket open
If you have done this I would suggest selling now because of possible anti-trust problems