AMEV-Applied Molecular Evolution Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : AMEV-Applied Molecular Evolution

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: keokalani'nui who wrote (150)	2/20/2004 10:56:44 AM
From: quidditch	of 164

Me either. Part of the reason for the delay is, I think, the mechanics of the election offered to AMEV shareholders. I was involved in one of these in a similarly structured transaction. While the computation is relatively straightforward in determining who elected all cash, all LLY stock or part cash/part stock, if the terms of the transaction imposed ceilings on the aggregate amount of cash or stock that could be paid/issued as consideration in the transaction, the shareholders' elections are subject to pro ration. Then, AMEV shareholder accounts have to be whacked up between cash and stock, these proportions communicated to DTC and then to DTC participants. That takes some time. Agreed it doesn't need to take this long. But then too, AMEV option holders options have to be converted, etc. etc. Should be soon.... quid

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next