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ARRIS International plc Message Board

  • helloworldwxyz helloworldwxyz Dec 4, 2007 12:21 PM Flag

    What is pro-ration

    What does pro-ration mean in the context of the offer:

    "Arris, Suwanee, Ga., agreed to pay $13.75 cash or 0.9642 share for each share of C-Cor, State College, Pa. That payment is subject to pro-ration if C-Cor holders choose more than 51% in cash or 49% in stock. "

    Does that mean the C-Cor stockholders get paid close to 50% cash and 50% stock? If so, at around $10 for ARRS stock price, this mean around $12 per stock of C-Cor? This is what seems to be their stock price.

 
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