1. Merger agreement is expected to be signed within the next 30 days
2. Basic terms of the agreed merger call for SKTO and AEGY to merge into a **newly** formed holding company which will integrate the separate operations of both companies .
3. Shareholders of each constituent party to the merger will receive shares of the **new** holding company, which will succeed to the SEC reporting obligation of AEGY and which will apply for a:
i) **New** trading symbol
ii) **New** CUSIP number
iii) Continued electronic trading status with the Depository Trust Company.
4. The final exchange rate for the common shares of AEGY and SKTO will be based on the volume weighted average market value of each company on the record date, which has not yet been determined.
5. The previously announced dividend of the 100 million shares of AEGY held by SKTO will be accounted for in the merger by treating those shares as held proportionately by the SKTO shareholders as of the record date.
6. Closing of the proposed merger will require the **new** holding company to register the shares to be issued in the merger to the shareholders of both AEGY and SKTO.
7. SKTO has retained an independent accounting firm to conduct an audit of its books as the first required step in the registration process.
8. The audit is expected to take approximately thirty days from start to finish, after which the registration statement will be filed for review by the SEC.
9. Boards of Directors of the two companies will be restructured and combined into a **new** Board of Directors in the surviving holding company.
Excerpts above obtained from Mar. 4/14 PR: http://ih.advfn.com/p.php?pid=nmona&article=61315168
Go AEGY/SKTO!
2. Basic terms of the agreed merger call for SKTO and AEGY to merge into a **newly** formed holding company which will integrate the separate operations of both companies .
3. Shareholders of each constituent party to the merger will receive shares of the **new** holding company, which will succeed to the SEC reporting obligation of AEGY and which will apply for a:
i) **New** trading symbol
ii) **New** CUSIP number
iii) Continued electronic trading status with the Depository Trust Company.
4. The final exchange rate for the common shares of AEGY and SKTO will be based on the volume weighted average market value of each company on the record date, which has not yet been determined.
5. The previously announced dividend of the 100 million shares of AEGY held by SKTO will be accounted for in the merger by treating those shares as held proportionately by the SKTO shareholders as of the record date.
6. Closing of the proposed merger will require the **new** holding company to register the shares to be issued in the merger to the shareholders of both AEGY and SKTO.
7. SKTO has retained an independent accounting firm to conduct an audit of its books as the first required step in the registration process.
8. The audit is expected to take approximately thirty days from start to finish, after which the registration statement will be filed for review by the SEC.
9. Boards of Directors of the two companies will be restructured and combined into a **new** Board of Directors in the surviving holding company.
Excerpts above obtained from Mar. 4/14 PR: http://ih.advfn.com/p.php?pid=nmona&article=61315168
Go AEGY/SKTO!
