they are talking about a hiving off of the companies less risky...

they are talking about a hiving off of the companies less risky products into a fund.

wrt
the deal is 1 for 4.23 WDC shares @ $2.75

they are being sold at a 11% discount to the NTA

it doesn't seem to be a great deal
afterall most funds run at a discount of around 10% anyway, due to the lose of money that occurs due to the cost of hiring an investment bank.

I can buy about 500