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Tuesday, September 27, 2011 10:46:58 PM
For all we know the announcement could be that there is no merger or that the merger won't take place until November. Telling someone there's going to be an announcement is not releasing "material" information.
The entire argument revolves around both the definition of, and what constitutes material.
WE DON'T KNOW WHAT THE ANNOUNCEMENT WILL BE.
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