The benefits of electing S status were not all positive, h major disadvantage was the requirement that fringe benefits provided for stockholders
with a 2%-or-more stock interest had to be included in compensation.
That's why we agreed to put the stockholder
rights plan to a vote.
This technique avoids the transfer for value rule, since the partnership continues to own the insurance policies on surviving stockholders
B and C with no adverse income tax consequences.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the special meeting of Acquicor stockholders
and the proposed merger with Jazz.
In the event a Converting Stockholder
tenders shares and later decides that it does not want to convert shares, such Converting Stockholder
will need to make arrangements with Continental to withdraw the tender.
Attendance is limited; Cold Spring stockholders
who would like to attend must register in advance by contacting Amy Glynn at Cameron Associates at 212-554-5464 or amy@cameronassoc.
44 per share on the company's common stock, which will be payable to stockholders
of record as of Dec.
The Company and its directors, executive officers and certain other members of its management may be deemed to be soliciting proxies from the Company's stockholders
in favor of the merger.
Our decision to terminate the stockholder
rights plan and establish this new policy reflects the Board's continuing commitment to corporate governance best practices," said Michael Cannon, Solectron's President and Chief Executive Officer.
The reinvestment of distributions in additional shares of the Fund does not relieve stockholders
of any federal, state or local taxes which may be payable (or required to be withheld on distributions).
On October 30, 2006, the Company filed a preliminary proxy statement with the SEC in connection with a special meeting of stockholders
to approve the proposed merger with GlaxoSmithKline plc.
The Company also reminded Inter-Tel stockholders
that all of the nation's leading proxy advisory firms, Institutional Shareholder Services, Glass Lewis & Co.