At the present time, several of the
stockholders have a very low basis for their stock, and several have unused passive losses.
Stockholders are encouraged to read ADESA's definitive proxy materials in their entirety as they provide, among other things, a detailed discussion of the process that led to the proposed merger and the reasons behind the Board of Directors' recommendation that
stockholders vote "FOR" the approval and adoption of the merger agreement and the merger.
Acquicor and its officers and directors may be deemed to have participated in the solicitation of proxies from Acquicor's
stockholders in favor of the approval of the proposed merger with Jazz.
Ramius has withdrawn its offer for the Company, and our nominees are committed to acting in the best interest of all Phoenix
stockholders.
Certificates that have not been tendered in accordance with these procedures prior to the special meeting of
stockholders will not be converted into cash.
Cold Spring and its directors and executive officers may be deemed to be participants in the solicitation of proxies for the special meeting in connection with Cold Spring's solicitation of proxies for the special
stockholder meeting at which the
stockholders will be asked to approve, among other things, the SDP acquisition.
In addition, the board of directors voted to redeem all of the rights outstanding under the company's
stockholder rights plan, effective as of Dec.
The Board's actions will accelerate the expiration date of the company's current
stockholder rights plan to November 27, 2006.
Following SEC review of the proxy statement, Tripos will schedule a special meeting of
stockholders and distribute the proxy statement.
Under the Plan, each
stockholder on the record date of a distribution will receive their distribution in additional whole or fractional shares of the Company's Common Stock, unless the
stockholder provides specific instructions to receive the distribution in cash.
Subject to CNS
stockholder approval, the expiration of the waiting period for the merger under the Hart-Scott-Rodino Antitrust Improvements Act, and the other terms and conditions of the merger agreement, CNS expects that the merger will be completed as promptly as practicable after the Special Meeting of
Stockholders.
ATS also announced that this extension is the final deadline for EPL
stockholders to accept its offer and that ATS does not intend to further extend beyond this deadline.
