I glanced through both the VGR and MHGC websites and cannot find anything saying that VGR owns 7.1 percent of MHGC. Could you provide a link to verify?
"If the merger closes after the close of business on June 10, 2015 (but before the record date for the company’s next scheduled quarterly dividend), a pro-rata dividend – equal to $.002967 per share of common stock per day after June 10, 2015 through the day immediately prior to the effective time of the merger – will be paid 20 days after the closing date of the merger to shareholders of record immediately prior to the effective time of the merger. Payment of a pro-rata dividend ensures that Pepco Holdings’ common stockholders continue to receive dividends at the current rate until the closing of the merger."
"Once the equity offering is closed," The deal is closing in 2016 NOT the equity offering.
He's been a member since yesterday, and he's already posted this spam on 16 stock message boards.
I think you need to learn how to write an English sentence.