In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company ...shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price;
he says it applies only if the pps is MORE THAN $15. then he says LESS THAN. he says read the first line.
so i do. i trust my eyes & it says LESS THAN.
PLUS 2.6 of the 8-K says if LESS THAN $15 the 7/19 PR changes it to MORE THAN $15 leaving no provision for LESS THAN $15
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