They cannot separate common shares - either they all survive or they all don't. By making large block holders announce their intent gives the insiders(most likely the newco) to decide whether they want that shareholder. I could be totally wrong here, but I take it as a protection measure so nobody can come in and buy up the company cheaper than the group that is winning, or won the bidding process.
The fact that they even have this provision gives me guarded hope that my continuing to buy will eventually payoff, if I'm wrong I will have my tax loss stock for 2017.
BK STOCKS ARE STRANGE BEINGS - NEVER CAN KNOW 100% WHAT'S GONNA HAPPEN IN THE END.
I can only hope 2016 develops like this chickadee
VA VA VA VOOMMMMMMMMMMM
