They have to do it before COB. At the merger date, the show is over so it will happen before EOD. The SEC filings state the board will decide the date of ownership and payout date. However, if you are no longer in existence... well, that doesn't work right???? so the payout of shares owned on xx-xx-xxx date, and payout to follow on yy-yy-yyyy date will happen prior to closure with pymt just after. Guess is ownership on closure date EOB, payout shortly after. But maybe 18 years later... 8~) JK