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They had announced the merger and Ascott offering 0.0543 cash and 0.7942 unit for ATH Unitholders.
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Billy
04 Jul 2019
Development & Acquisitions Manager at Real Estate Private Equity
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Just take the number of units of Ascott offered multiply it by the current share price of Ascott, minus cash given and then divide it by the number of units of Ascott offered
i.e. if you have 1000 AHT shares
1000 AHT x 0.0543 = $54.30
794 AHBT * $1.30 = $1032.20
$1032.20 - $54.30 = $977.9
$977.9 / 794 = $1.23
Thus, if Ascott falls below $1.23, it'd be more worth it to sell off your AHT shares in the market