Hier das Form S-4 zum Merger:
https://www.sec.gov/Archives/edgar/data/2488/...009112/d83168ds4a.htm
Upon the successful completion of the merger, each issued and outstanding share of Xilinx common stock (other than treasury shares and shares held by AMD or Merger Sub) will be converted into the right to receive 1.7234 shares of AMD common stock, which number is referred to as the exchange ratio, with cash (without interest and less any applicable withholding taxes) being paid in lieu of any fractional shares of AMD common stock that Xilinx stockholders would otherwise be entitled to receive. AMD stockholders will continue to own their existing shares of AMD common stock.
The exchange ratio is fixed and will not be adjusted for changes in the market price of either AMD common stock or Xilinx common stock between the date of signing of the merger agreement and the completion date of the merger. Based on the number of shares of AMD common stock and Xilinx common stock outstanding on January 5, 2021, the latest practicable date prior to the date of this joint proxy statement/prospectus, it is expected that AMD will issue approximately 422.6million shares of AMD common stock in the merger and, upon completion of the merger, former Xilinx stockholders are expected to own approximately 25.9% of the outstanding shares of AMD common stock and AMD stockholders immediately prior to the merger are expected to own approximately 74.1% of the outstanding shares of AMD common stock. AMD common stock is traded on the Nasdaq Global Select Market, which is referred to as Nasdaq, under the symbol AMD. Xilinx common stock is traded on Nasdaq under the symbol XLNX. We encourage you to obtain current quotes for both the AMD and Xilinx common stock before voting at the special meetings of stockholders described below.
Because the exchange ratio is fixed, the market value of the merger consideration to Xilinx stockholders will fluctuate with the market price of the AMD common stock and will not be known at the time that Xilinx stockholders vote on the merger. Based on the AMD common stock price of $82.97 per share, which is the average of the daily volume weighted average prices per share for the ten consecutive trading day period up to and including October 8, 2020, the last full trading day prior to media reports regarding the potential transaction, the implied value of the merger consideration to Xilinx stockholders was $142.99 per share of Xilinx common stock.
Kurz:
- fixed ration von 1.7234 AMD Aktien für eine Xilinx Aktie unabhängig vom weiterem Kurs
- Preis ermittelt aus Durchschnittspreis der AMD Aktie der letzten 10 Tage bis einschließlich dem 8. Oktober 2020 = $82.97
- 422.6 million AMD Aktien
Da Aktien nur in ganzen Stücken gehandelt werden, werden Differenzen in Cash ausgezahlt. Beispiel: Für 10 Xilinx Aktien gibt es 17 AMD Aktien + 0,0234 * Wert der AMD Aktien zum Umtauschzeitpunkt (nehm ich mal an) in Cash. Notiert AMD am Tag des Umtauschs bei 100$ gibt es also für die 10 Xilinx Aktien 17 AMD Aktien + $23,40.
Interessant finde ich noch, dass Strafzahlungen fällig werden, wenn der Merger nicht zustande kommt. Seite 6:
If the merger agreement is terminated under specified circumstances, including if the Xilinx board of directors changes its recommendation, Xilinx may be required to pay AMD a termination fee of $1.0 billion. If the merger agreement is terminated under other specified circumstances, including the failure to receive certain required regulatory approvals, AMD may be required to pay Xilinx a termination fee of $1.0 billion. If the merger agreement is terminated under other specified circumstances, including if the AMD board of directors changes its recommendation, AMD may be required to pay Xilinx a termination fee of $1.5 billion. See The Merger AgreementTermination Fees.
Ich hoffe mal, dass der Merger schnell und glatt durchgezogen wird.
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