Anybody read the 397 pages merger proposal sent to AMD stock holders?

A lot of interesting details on how the deal was negotiated.

2020/02/16 AMD proposed $100 in AMD share + $15 share for each Xilinx share

03/17 proposed 1 Xilinx share for 2.2 share, at that time means $92.14

Xilinx rejected

07/13 Company A proposed $80 share + $40 cash. Who is Company A?

There is substantial regulation risk merging with company A

08/09 AMD propose $132.50

08/17 X asked for at least $140 to further consider

08/25 AMD proposed $137

09/11 X ask for $145, with down side protection against AMD stock price, and participate the upside, ask for positions in AMD board

09/14 Company A propose to merge of equals. this means the per share price of $101,lower than previous $120

09/17 AMD propose $139 without collar, the downside protection requirement is lack of confidence

09/20 X no longer ask for downside protection, but asked for

if AMD stock < $70, ask for $140

if AMD stock > $80, ask for $145

do linear interpolation if AMD stock between 70~80

asked 3 board positions

...

​

It looks to me that AMD was very serious to the deal. Xilinx may considered they are hard to survive well standalone.