The intuition for full proration
of author credit is very clear.
Others argue opting for the proration
route is just kicking a $7.
The number of shares to be purchased, the proration
factor and the price per share under the tender offer are preliminary.
Shares of GE common stock tendered but not accepted for exchange will be returned to the tendering shareholders in book-entry form promptly after the final proration
factor is announced.
All remaining tendered shares of Dow common stock were accepted in the exchange on a pro rata basis using the final proration
factor of 21.
If the corporation has a net unrealized built-in loss (which meets certain de minimis threshold requirements), the daily proration
can produces a windfall for taxpayers who properly time the recognition of built-in losses or deduction items.
00 per share and not purchased due to proration
or conditional tender, will be returned promptly to shareholders by the depositary.
6% of the tendered shares of CBS Class B common stock that are subject to proration
will be exchanged, assuming all shares tendered by guaranteed delivery procedures are delivered under the terms of the exchange offer.
M2 EQUITYBITES-November 4, 2013-NYSE, ICE reveal preliminary proration
data for tie-up(C)2013 M2 COMMUNICATIONS http://www.
Because the number of shares tendered exceeded the number of shares that Tracinda offered to purchase, the resulting estimated proration
factor is approximately 1.
Shareholders who owned fewer than 100 shares of Pfizer common stock, or an 'odd-lot', who validly tendered all of their shares, were not subject to proration
if they requested such preferential treatment in accordance with the terms of the exchange offer.
Based on the final count by American Stock Transfer and Trust Company, the Depositary for the offer, as of the Final Expiration Date, 5,851,305 shares of RiT have been validly tendered and not withdrawn resulting in an estimated proration
factor of approximately 17.