Think of it this way. You are being paid 97c a share by Osmond...

Think of it this way. You are being paid 97c a share by Osmond for him to buy the life insurance business. The remaining value left 59c (1.56 minus 97c) is the value of the Henderson Funds management business. However you are only getting a 73c per share capital return because minority shareholders are being bought out and also HHG will be holding some cash from the deal.

So effectively, the shares should trade at 83c once business is sold, but you get 73c cash as a shareholder.

That stuff about $1.32 is irrelevant, its just so you can work out your capital gain or loss.