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Re: rbtree post# 59021

Thursday, 05/21/2015 8:23:45 PM

Thursday, May 21, 2015 8:23:45 PM

Post# of 70075
Why convert preferreds to common stock?

Merger. At least that's one viable reason.

It is economically beneficial to convert preferred shares even at a low transaction value because they will receive more merger proceeds as a common stockholder.

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