Hey RH - pretty sure that you are right on the mark with your interpretation. Many TOs, particularly at the bigger end of town, offer shareholders more than one option as to how they receive their consideration if they accept (i.e. all cash, all shares, and/or combination(s) of both). In our case we were not offered any such options therefore I'm quite certain the provisions Thunder has mentioned under SECT. 661B will not apply and all outstanding shareholders will be forced to accept $1.50 plus script exactly as per offer.
BRM Price at posting:
$2.51 Sentiment: None Disclosure: Held
