AV Homes Announces Election Deadline for AV Homes Stockholders to Elect Merger Consideration and Expected Closing Date
ACHARI VENTURES HLDGS CRP (AVHI)
Last achari ventures hldgs crp earnings: 8/1 04:05 pm
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US:NASDAQ Investor Relations:
investors.avhomesinc.com/investor-home
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Source: GlobeNewswire
SCOTTSDALE, Ariz., Sept. 19, 2018 (GLOBE NEWSWIRE) -- AV Homes, Inc. (NASDAQ: AVHI) (“AV Homes”) announced today that the election deadline by which AV Homes stockholders may elect the form of merger consideration they wish to receive in connection with the pending merger between AV Homes and a subsidiary of Taylor Morrison Home Corporation (“Taylor Morrison”) will be 5:00 p.m. Eastern Time on September 27, 2018. Pursuant to the merger agreement between AV Homes and Taylor Morrison (the “Merger Agreement”), AV Homes stockholders may elect to receive consideration per share of common stock of AV Homes consisting of (i) $21.50 in cash, without interest (subject to the proration procedures described in the proxy statement/prospectus dated August 27, 2018), (ii) 0.9793 validly issued, fully paid and nonassessable shares of Taylor Morrison Class A common stock (subject to the proration procedures described in the proxy statement/prospectus dated August 27, 2018) or (iii) a combination of
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