Adjustments reflect (1) the exercise of options by the acquirer, (2) either any repurchase of assets by the receiver or any “put back” of assets to the receiver by the assuming institution, and (3) the valuation of assets sold to the acquirer at market prices.
BU was partially correct so we need to give him credit for that. But by only focusing on the first element, because of not seeing one word ("and"), the whole statute is completely misinterpreted.
Funny how almost on a weekly basis there's been major positive developments for shareholders yet the prices remain relatively flat.