now over 50 and we are to receive a value of 46.40 (plus 2.6 sh. of D for one sh. of PGN) when the merger takes place. I'm confused about the share price.Can anyone help with an explanation?
I thought it was 2.6125 shareof DUK for every share of PGN. With DUK at 19.60, that values PGN at 51.20.