If you read the terms it is the dividend or the cash, not both....

If you read the terms it is the dividend or the cash, not both.

"Tatts intends to pay its shareholders a fully-franked special dividend of 20 cents per share(subject to the availability of franking credits) immediately prior to implementation of the Transaction in lieu of part of the cash consideration. A fully-franked dividend of 20 cents per share would have approximately 8.6 cents per share of franking credits attached."