I received the huge acceptance and voting package for WFD and I’m still confused. I will be accepting the offer but I understand that accepting the offer will result in a cash payment (which will depend on the $US exchange rate at the time of takeover. Also an allocation of shares in a small tech start up.
Question- It is the shares in Unibail-Rodamco and where they can be traded that is still confusing me. I think it means that one can elect to choose the option of shares that can only be traded on the European exchanges but the default option can be traded on the ASX just like any dual listed company such BHP etc. Is that correct?
I think Unibail-Rodamco is a good retail company going through a slump so I would be prepared to go long on them. Also the small tech startup may eventually be worth something. But if it means messy overseas exchanges with an unpredictable exchange rate I will selling on market prior to the closing date and forget about the opportunity lost of not selling WFD on market soon after the announcement.
Question- what is your advice on WFD?