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Author:

breinejm

Subject:

News

Date:

11/19/15 at 3:36 PM CST

 

 

READ: 4

RPLY: 2

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Sentiment:

Neutral

ALU/NOK offer

So I got 5 emails today reagrding the NOK/ALU offer and I need to let my broker(s) know what I want to do. The curious thing is that I am custodian of my kids accounts through Capital One and there is no mention of any sort of fee, but from TD Ameritrade I got the below.  My question: What are "voluntary reorganization instructions"?  Does each account accrue a fee?  Is this always or only if I do not reply before the deadline?  All the legalese is gibberish to me.

"You are responsible for full compliance with the terms of the offer.  In the event of a discrepancy between these terms and the offer material,the offer material prevails.  TD Ameritrade does not endorse or make anyrecommendations on corporate actions.  Your submission of instructionsthrough reorgaction.com attests that you hold a net long position ofthe security in accordance with 17 CFR 240.14e-4.  Funds must be available in your account in order to process rights and warrants subscriptions.  A$38.00 processing fee will apply to all voluntary reorganization instructions."

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