The intuition for full proration
of author credit is very clear.
Others argue opting for the proration
route is just kicking a $7.
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.
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.
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.