DTC used in past mergers with a "chill" cash and share swap. The 8-K has damage language in it from a "chill" but maybe it's due to a merger. idk, probably very wishful thanking based on the filings; no correlation.
Chill out “The first thing we do in this type of transaction is to get control of all our inventory [Wyeth stock], which means we put a ‘chill’ on all security deposits two or three days before the actual merger date. That way no shares are withdrawn from or transferred into our FAST program,” said John Sarris, DTCC supervisor, Asset Services.
FAST is DTCC’s Fast Automated Securities Transfer program, which enables agents to provide electronic custody, transfer, deposit and withdrawal services. “But we handled this case differently. Working with both The Bank of New York Melon and Computershare, we agreed to accept DWACs up to the merger date since we were guaranteed payment on these securities.”
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