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To: Janice Shell who wrote (6385)9/19/1998 3:33:00 PM
From: Dean Dumont  Read Replies (1) | Respond to of 26163
 
If the shareholders had 90% of the common stock. Remember this was an RTO. Upon conclusion the acquiring entity must have 90% of the total issued and outstanding shares of stock. its also a tax advantage for the acquiring company if they assume any tax liability during the take over.