What is the SECs responsibility?
The SEC is responsible for ensuring we fully disclose the benefits and risks of the merger so shareholders can make well-informed decisions. The primary document the SEC reviews is called an S-4. This is a draft of the document we intend to send to shareholders to explain the rationale for the merger before they cast their vote. The SEC will approve the S-4 when they’re satisfied it presents a fully accurate and balanced picture of the merger. We filed the S-4 the week of July14. We’ve heard from the SEC that they’ve commenced their review. Over the next few weeks, we expect to have a number of inquiries from them and discussions as we move toward a document that meets their needs. An interesting aspect of this process is the extent to which it all plays out in public.
