Originally Posted by
parishiltons
Have a look at the Scheme of Arrangement. Qantas will issue new shares and give Alliance shareholders one new Qantas share for each of their Alliance shares, which will then be cancelled. ...
It's not exactly a straight one Qantas share for one Alliance share deal. The Scheme Consideration is $4.75 per Alliance share, less any ordinary dividends paid by Alliance between 4 May 2022 and the effective date. If the volume-weighted average price of Qantas shares is above $4.75 on the effective date, Alliance shareholders will get less than one Qantas share for each of their shares; if QAN is trading under $4.75 then Alliance shareholders get more than one Qantas share for each Alliance share.
$4.75 is the effective transaction price for each Alliance share.