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John, please tell me where I go wrong
Cash payment 1.33
Value of 1 Hav co share 9.24Value of 2 S co share 9.52
Gain for every two share 1.05
Per share 0.525Percentage gain 0.525/4.76 = 11%
I think you are assuming that they get 1.33 for every 2 shares, but that is not the case. The get 1.33 for every share and in addition they get 1 Hav share for every 2 strand shares.
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