Define "Corporate Liquidation"....I wonder if the sale of the Company qualifies as Corporate Liquidation
Additionally, in the event of a corporate liquidation, holders of DEPs would be entitled to receive, before any distribution is made to the holders of common stock or any other junior stock, but after any distribution to any class or series of preferred stock established by Wachovia’s board of directors after September 1, 2001, an amount equal to 1 cent per DEP, together with any accrued and unpaid dividends. The holders of DEPs will have no other right or claim to any of the remaining assets of Wachovia.
