Company mergers
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Posted by Jim Howard on May 21, 2000 at 13:45:01:
Does anyone have any guidelines on how to set up and handle the following:
BankNorth Group (BKNG) is acquired by Peoples Heritage Financial Group (PHBK)
on 5/10 but the new company keeps the name BankNorth Group and trades under
the symbol of BKNGD. BKNG holders get 1.825 shares for each of their BKNG
shares PLUS a cash settlement for frational shares (based on $22.9992 /sh) Thanks for your help.
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