Yes - must say I’m also confused by the cash settlement. I was holding both LVGO and TDOC shares last week and simply expected my TDOC position to increase by 0.592 x the number of LVGO shares I had, in addition to a cash payment of $4.24 per LVGO share.
Adding to the confusion, several websites were quoting a $11.33 cash component per LVGO share, but as this article (https://seekingalpha.com/news/3614496-teladoc-health-and-livongo-issue-updates-on-merger) makes clear, it’s actually made up of $4.24 cash consideration as part of the merger, plus $7.09 special cash dividend, which should come in the coming days.
Also doesn’t help that there is no comment in the “History” section to explain where my LVGO shares went and how this extra cash landed in my account…