If I did not tender my shares of Semitool common stock before the offer expired, what will happen to my shares?
As a result of the merger, all remaining publicly held shares of common stock of Semitool (other than shares held by shareholders of Semitool who properly assert their dissenters’ rights under Montana law) will be automatically converted into a right to receive $11.00 in cash, without interest and less any required withholding tax. This is the same price per share paid to those who tendered their shares in the offer. Holders of Semitool common stock who did not tender their shares in the tender offer will receive a letter of transmittal that will instruct them on how to receive the merger consideration, as well as a notice and description of dissenters’ rights for any such holder entitled to assert such rights under Montana law.
Related Questions
- What are the United States federal income tax consequences of having my shares of Semitool common stock accepted for payment in your offer or receiving cash in the merger?
- Does the tender offer apply to shares of Tribune common stock held in Tribune retirement plans?
- How many shares of common stock did DSW offer at its initial public offering?