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h_man_investor

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h_man_investor

Re: Enterprising Investor post# 70

Sunday, 02/12/2012 8:07:29 PM

Sunday, February 12, 2012 8:07:29 PM

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This transaction is very smart and timely by Cerberus and MM.

The preferred shareholders currently are permitted to get 2 board seats. I believe mgmt would pay out 4 quarters of dividends if someone attempted to get on the board to prevent the appointment.
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