The deal had been expected to close in December, but a probe into walnut accounting has pushed the transaction date back.
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But the seller of the security is supposed to actually borrow the shares before the settlement date of the transaction.
A123 said that during a ten trading day period five months following the initial closing date of the transaction and during another ten day period six months following the close, it has the right to require the investors to buy in each such period up to an additional 6, 250, 000 shares for an aggregate of up to 12.5 million additional shares.
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The gain on the transaction will be recorded at the closing date.
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Hoover must document the basis for his decisions regarding the transaction, including documenting the account paperwork with the date and his signature.
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Having the Treasury Department - whose job it is to promote foreign investment in the United States - charged with evaluating such investments is a formula for precisely what we have seen to date: rubber-stamp approval of virtually every transaction, with no regard for the long-term or cumulative impact they will have on U.S. national security equities.
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Ultimatley I discovered that if I knew the exact date and time of my purchase as well as which register the original transaction was made on, they could look it up.
For tax documents, usually there is no need to keep them longer than four years after the date that you file your tax returns, unless it was some really funky transaction that you are particularly worried about.
We believe that moving quickly to negotiate and conclude our proposed merger is in the best interests of Take-Two and EA. Waiting for a later date leaves open significant uncertainty regarding the timing, the probability and the value of a potential transaction, and is not in the best interests of either company or Take-Two's stockholders.
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