Citi Investment Banking Pitch Book
Detailed Illustrative Timing: Two Step Structure-Jun-04
(cont'd)
Timing
Upon Clo dng of Tender Offer
(Beptember 1) (a)
Within 10 Dayco Comple ton of
Merger
20
Events
◆ Papadopt resdulonapprouing shorHomm merger
♦
File cerae of ownership and merger wil Debre Seart bry of St
ShorHom merger becomes ereclue upon such ing
Molt NYBE for dels Ing
File nolce with SEC deregls lering Challe commons lock
◆
Disseminat Infomalon salemenilo remarirg Charlle commons lockholders noirg hem of complelon of the shorHom merger and the right receive
appraised use of their shares.
DRAFT
Assimes Special Committee approual. WithoutSpecial Committee approual, a specials hare holders meeting needs to
be called to effect the short-torm merger which requires obtahilig a majority of the minority Class A common holders to vote
Ia tauor of the merger. This could add 2-3 months to the process.
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