This is a response to Dusty:
out of the WNC filing I found this:
The Company and Fruehauf have, subject to certain exceptions, agreed not to, directly or indirectly, offer, pledge, sell, contract to sell or otherwise transfer or dispose of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for Common Stock without the prior written consent of Merrill Lynch for a period of 90 days from the date of this Prospectus, except that the Company may, without such consent, issue shares of Common Stock upon the exercise or conversion of any outstanding options, rights, warrants or other convertible securities, or issue shares of Common Stock or grant options to purchase shares of Common Stock pursuant to the Company's existing employee benefits plans, director stock plan, or dividend reinvestment plan.
For financial statement purposes the acquisition was accounted for as a purchase and accordingly, Fruehauf's results are included in the consolidated financial statements since the date of acquisition. April, 1997 .
Joe PTG&LI !!! |
