Replies to post #33762 on POW! Entertainment Inc. (fka POWN)

[firehorse]

Dissenters.

If immediately before the merger or consolidation the shares of the class or series of stock of the constituent corporation as to which appraisal rights are available were listed on a national securities exchange, the Court shall dismiss the proceedings as to all holders of such shares who are otherwise entitled to appraisal rights unless (1) the total number of shares entitled to appraisal exceeds 1% of the outstanding shares of the class or series eligible for appraisal, (2) the value of the consideration provided in the merger or consolidation for such total number of shares exceeds $1 million, or (3) the merger was approved pursuant to § 253 or § 267 of this title.

More than 1% and less than 15% as I read it and this must be done right before the merger takes place.

Edit: Not sure what 253 and 267 mean.