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ctic4. 00~ dCspmOanCnnnlmeaa 31~ ef Aalt Cm/. n • Inc Sisenieni Reimer »Mai anpel7d EMT (Ana.. (%. Nei Imam D114•4419 PS 1.1117.) 1444949 Ceripsictiina49.4nd filwrili LT Ming. Ilex NA NA Triuma914449.4~ F44444.11(44.4(114, LIM i2å Ter F.admi Det(3141411 1/4941•2039 045, 31.74111 311,11 »11 3011
y was based on approximately 72 restricted stock transactions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1
ctic4. 00~ dCspmOanCnnnlmeaa 31~ ef Aalt Cm/. n • Inc Sisenieni Reimer »Mai anpel7d EMT (Ana.. (%. Nei Imam D114•4419 PS 1.1117.) 1444949 Ceripsictiina49.4nd filwrili LT Ming. Ilex NA NA Triuma914449.4~ F44444.11(44.4(114, LIM i2å Ter F.admi Det(3141411 1/4941•2039 045, 31.74111 311,11 »11 3011
y was based on approximately 72 restricted stock transactions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1
ctic4. 00~ dCspmOanCnnnlmeaa 31~ ef Aalt Cm/. n • Inc Sisenieni Reimer »Mai anpel7d EMT (Ana.. (%. Nei Imam D114•4419 PS 1.1117.) 1444949 Ceripsictiina49.4nd filwrili LT Ming. Ilex NA NA Triuma914449.4~ F44444.11(44.4(114, LIM i2å Ter F.admi Det(3141411 1/4941•2039 045, 31.74111 311,11 »11 3011
y was based on approximately 72 restricted stock transactions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1
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