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Motorola Mobility Holdings, Inc. Message Board

invalue 2 posts  |  Last Activity: Jul 17, 2014 4:50 PM Member since: Apr 21, 1998
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  • Reply to

    Office Pool

    by aaatrophymart Jul 11, 2014 10:50 AM
    invalue invalue Jul 17, 2014 4:50 PM Flag

    I anticipate the payout to be either tomorrow July 18th or Monday July 21. The merger agreement indicates that they paying agent was to receive funds prior to or at the effective time of closing the merger. According to a company contact in Beijing the funds were transmitted to the paying agent. Then the paying agent was supposed to mail a transmittal letter to shareholders (or brokers) within 5 business days of the effective time. They're a bit late, this is not unusual in an international transaction, particularly a small one like this. Also note, that while the paying agent invests the funds until they are paid out, "Earnings from investments, subject to the immediately preceding proviso, shall be the sole and exclusive property of Parent." So, yes, any interest on the funds goes back to the company. Good luck to all, the YONG journey should soon be concluded.

  • Reply to

    Gabelli is at 14.67% with todays 13d

    by smaycs4 Jun 27, 2014 3:34 PM
    invalue invalue Jul 2, 2014 7:42 AM Flag

    12.65% was reported in Sept, 2013
    13.65% was reported in Jan., 2014
    14.67% was reported in Jun., 2014

    There seems to be a trend here.

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