![]() Such revocation must be received by Broadridge prior to the Election Deadline. If, after submitting its election form, a MSLO stockholder wishes to sell or otherwise transfer some or all of the shares covered by its election, the stockholder will have to revoke its election in order to deliver the shares to the purchaser or other transferee. However, any MSLO stockholder that makes a cash election with respect to 50% of its shares (or for holders of an odd number of shares, as close to 50% as possible) and a stock election with respect to the remainder of its shares will not be subject to proration. ![]() The MSLO stockholder election is subject to proration to ensure that the aggregate cash paid and the number of shares of TopCo common stock issued will each represent 50% of the aggregate merger consideration. Pursuant to the Merger Agreement, stockholders of MSLO are entitled to elect to receive, for each share of MSLO common stock they hold, either (i) $6.15 in cash or (ii) a number of shares of TopCo, a newly formed public holding company, equal to $6.15 divided by the volume weighted average price of Sequential common stock during the five-day period ending on the trading day immediately prior to closing. These stockholders should carefully review any materials they receive from their bank, broker or other nominee to determine the election deadline applicable to them.Īs previously announced, on June 22, 2015, MSLO entered into an Agreement and Plan of Merger among MSLO, Sequential, Singer Madeline Holdings, Inc. MSLO stockholders who beneficially hold their shares through a bank, broker or other nominee may have an election deadline earlier than the Election Deadline. Eastern Standard Time on Decem(the "Election Deadline"), which is the day prior to the MSLO stockholders meeting regarding the merger. ("MSLO") (NYSE: MSO) announced today that MSLO stockholders that wish to make an election with respect to the consideration they will receive if the proposed merger with Sequential is consummated must deliver, or have delivered on their behalf by their bank, broker or other nominee, a properly completed election form to Broadridge, Inc. ("Sequential") (Nasdaq: SQBG) and Martha Stewart Living Omnimedia, Inc. 23, 2015 /PRNewswire/ - Sequential Brands Group, Inc.
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