I don't see the 1.892 either - we should get 1.905 shares. See description below for formulas. ATT is still trading (but maybe Friday close is key?)
I am not sure when the deal closes (or closed?) Since DTV does not seem to be trading since Friday close, maybe that is friday's close of 33.29 for ATT. Using 33.29, which is below the 34.90 collar, there would be 1.905 shares ATT plus the 28.50 in cash. That works out to 93.82 per DTV share. If ATT rises to 34.90 then that would be equal to the 95 per share value. I was looking for something that says if Friday closet is the final ATT price for the conversion, but have not seen anything.
From DTV investor relations:
The proposed buyout is for $95 per share, but about $66.50 will come in stock.
For each of their DirecTV shares, shareholders will receive 1.905 shares of AT&T stock if AT&T's stock price is below $34.90 at closing and 1.724 AT&T shares if AT&T's stock price is above $38.58 at closing. If AT&T's stock price at closing is between $34.90 and $38.58, DIRECTV shareholders will receive a number of shares between 1.724 and 1.905 equal to $66.50 in value.
With other stock takeovers, We found that if you save a link to the message board, it will still be accessible through he link, even if it does not come up from the Yahoo messages tab. They do change the website features, though so can't say will still work. .Those were much more active boards wtth dozens of messages each day, so a lot of hstory and was nice not to los it.