I'm a bit confused by what this means for WORK shareholders.

"Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020."

Lets say you own 100 shares of WORK. Does that mean you get both

1. $4,434 in cash (100 * 43.84 current value of WORK)

and

2. 7.76 shares of CRM (100 * .0776)

Edit: I can't read!