Ann: SOL: Merger with Milton Presentation, page-28

@InvestorGadget1
> I thought the conversion ratio is calculated in September.

correct

> What happens if there is a market correct that causes the price and NTA of Milton to change in the next few months, do they still use $6 per share as the basis of their offer?


if market corrects then everything corrects.

except (hopefully) MLT final and special and SOL dividends

$6 was never a basis of the offer, the offer is based on Milton's pre-tax NTA less dividends plus premium

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