Not exact matches
This is because, as further described
in «Pre-Offering Transactions,» various securities will be exchanged
in our corporate
reorganization based
in part on the ratio of the
value of accrued but unpaid dividends (which, where applicable, accrue on a daily basis until the consummation of our corporate
reorganization) to our initial public offering price.
Founded
in 1949, Mutual Series has a long history as deep
value investors with a very distinct style, searching aggressively for investment opportunities
in undervalued stocks, merger arbitrage situations, corporate
reorganizations and distressed securities.
Marty recognized the
value of the company could be realized through the fulcrum security — the security
in the capital structure that gives the investor control over the
reorganization process.
For a subordinate class, the right to accelerate most often is the right to commit suicide, because this action would likely result
in a
reorganization or liquidation where almost all, or all, the
value will go to senior creditors.