I hope a Trading 212 team member can answer what will happen to T212 holders of PSTH. PSTH shareholders are supposed to end up holding 3 different securities are the transaction is done:
- pro-rata of UMG Ordinary Shares (approx. $14.75 per PSTH share before dilution)
- pro-rata share of “PSTH Remainco” which will have approx. $5.25 in cash
- one transferable five-year right per share of Pershing Square SPARC Holdings, Ltd. expected to trade on NYSE
My main concern are with points 1 and 2. I hope that we get both stocks, not cash for one of them.
Any information about how this transaction will be handled would be appreciated.