4.8 billion shares divided by a floor price of $47 is about 25 shares of Verizon for every 100 vod shares plus they're giving 23 billion in cash which equals $4.79 in cash per share. Am I right or wrong?
1.180bn/4.85 = .243 VZ share for each VOD share plus $4.92 cash per share
Then you are left with a VOD div of $1.70/yr and VZ div of 0.51c/yr or $2.21 per current VOD share which at todays price of 32.3 is a yield of 6.85% - and you have nearly $5 in cash to reinvest...
about right... just use the cap and not the floor (more likely, and more conservative)
each adr contains 10 shares of vod. How does this effect your calculation???
Your figures are for each ADR in US; Divide by 10 for each VOD shares on London Exchange!
"Am I right or wrong?" You're an idiot! (couldn't resist)