To all: Just some info re: Merger announcements happening on Sunday
- perhaps it will still be pertinent.
The ASND-CSCC merger was announced on Sunday, March 30th about 8 PM
Eastern time.
From the merger document we pre-merger holders all received, p. 41
"In the course of it's deliberations on March 17, 19, 20, 21, 24, 26,
28 and 29, 1997, the Cascade Board met with and questioned senior
management of Cacade and Morgan Stanley and TH&T and reviewed the
anticipated benefits and a number of additional factors relevant
to the proposed merger ... "
From p. 37
"On March 28, 1997 (a Friday) the Cascade Board held a special
teleconference meeting in which senior management and legal and
financial advisors discussed with the Cascade Board ..."
"On March 29, 1997 (a Saturday) the Ascend board held a special
teleconference meeting to consider and vote upon the proposed
business combination with Cascade. Representatives of DMG, GCW&F
and Ernst & Young LLP, Ascend's independent auditors were also
in attendence ...".
"On March 29, 1997 (a Saturday) the Cascade Board met to consider
and vote upon the proposed business combination with Ascend ...".
My points: Mergers take time, agreement of both Boards, etc. and
that these meetings occur also on Weekends. Just thought the
thread might be interested. It's already 1 hour later - but still
possible, however unlikely. |
