[nemo44x]

I haven't read the details but not entirely. They will likely dilute their own outstanding shares by adding the required shares needed to acquire the company at that value. This will lower the total ownership as a percentage that each share represents but now every share owns more stuff.

So yes they are creating new shares making every other share worth less but it isn't a direct transfer of existing shares. You'll notice companies get board approval for setting aside a number of theoretical shares they could create if they wanted to for things like this or secondary offerings, etc.