At the present time, several of the stockholders
have a very low basis for their stock, and several have unused passive losses.
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Ramius has withdrawn its offer for the Company, and our nominees are committed to acting in the best interest of all Phoenix stockholders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.