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pCheap Jerseys china My job gave me a 25 cent raise. Yes, 25 pennies per hour. Which, after taxes, is about 280 dollars take home, for the whole fucking year. (BUSINESS WIRE) June 19, 1996 The Board of ASH, which has been advised by and Smith Barney Inc., announces the terms of recommended proposals (the “Proposals”) whereby ADT will acquire all of the issued share capital of ASH.Under the Proposals, ASH shareholders will be entitled to receive ADT Common Shares on the following basis:for every 92 ASH Ordinary Shares 3 ADT Common Shares(for every 46 ASH ADRs 3 ADT Common Shares)for every 31 ASH 5% Preference Shares 2 ADT Common Sharesfor every 31 ASH 6% Preference Shares 2 ADT Common SharesThe market value of ADT Common Shares being offered under the Proposals is approximately 84.9 million pounds (US$131.1 million) (based on the closing price on the New York Stock Exchange of US$18.625 for an ADT Common Share on June 18, 1996, the last day prior to this announcement).The Proposals imply a value of 39.3p for each ASH Ordinary Share, which represents a premium of 26.9% to the prevailing market price (based on the closing price on the New York Stock Exchange of US$18.625 for an ADT Common Share and the closing mid market price on the London Stock Exchange of 31p for an ASH Ordinary Share on June 18, 1996).Similarly, the Proposals imply a value for each ASH 5% Preference Share and each ASH 6% Preference Share of 77.8p, which represents a premium of 29.7% to the closing mid market prices on the London Stock Exchange of 60p for both the 5% and 6% Preference Shares on June 18, 1996.Likewise, the Proposals imply a value of US$1.215 for each ASH ADR, which represents a premium of 29.6% to the closing price on the New York Stock Exchange of US$0.9375 for an ASH ADR on June 18, 1996.The 9 1/2% Convertible Capital Bonds due 2006 of ASH Capital Finance (Jersey) Limited will remain outstanding but will benefit from enhanced terms reflecting the Proposals.The Proposals will be effected by means of a Scheme of Arrangement under Section 425 of the Companies Act 1985 to be sanctioned by the High Court in England and Wales. It is expected that the formal scheme document will be posted to shareholders in July and that the Scheme will become effective in September 1996.The Board of ASH, which has been so advised by the Company’s financial advisers, and Smith Barney Inc., considers the terms of the Proposals to be fair and reasonable and in the best interests of the shareholders as a whole. In providing advice to the Board, and Smith Barney Inc. Cheap Jerseys china
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