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Similar thing happened to me when AMD acquired Xilinx. I got AMD stock and some cash. These types of transactions are usually automated, by an entity like DTCC

Similar thing happened to me when AMD acquired Xilinx. I got AMD stock and some cash. These types of transactions are usually automated, by an entity like DTCC I would guess.

saagarjha 5y ago
Didn't XLNX turn into AMD directly at some fixed rate?
- kgwgk 5y ago
  The exchange rate was not an integer. If you have to receive a fractional number of shares it’s rounded down and you get a cash payment for the rest.