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Re: rjhstock post# 7322

Monday, 11/10/2014 12:44:04 AM

Monday, November 10, 2014 12:44:04 AM

Post# of 7445
What I don't understand is, the s-4 says:
"Pursuant to the merger, for each share of AAC common stock you own at the effective time of the merger, you will receive 1.571119 shares of Holdings common stock. "

But on page 111 it says this:
"Pursuant to NRS 92A.470, AAC may elect to withhold payment from you if you were not the beneficial owner of shares of AAC common stock before October 31, 2014, representing the date of the first announcement of the merger and the terms of the merger to the news media."

Page 111 deals with dissenters rights. But it almost makes me think that you had to have been the owner of the shares prior to the filing of the s-4 in order to benefit from the merger. If that's the case, what happens to the shares that were scooped up after 10/31? Or does this not count as the "effective time of the merger" as stated in the first quote?

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