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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
00I37111/411irePril syakens. and ImaJtaa4 access °maw% as woll an ncluerk solutions Scion CIAT<CIIIT ua&undtd te 1865 and is Mad a Esm., I" enbrol Sant Imdume. Vachon: I " 9/4746 11-4.7 IILSE lat.) Y.7011 tar Lam FiKJ Paul« LT51••• Lin Rl0 ••• • 2.Jan> forams:mama. Narnati 3,1,2011 R. I nit Da
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
00I37111/411irePril syakens. and ImaJtaa4 access °maw% as woll an ncluerk solutions Scion CIAT<CIIIT ua&undtd te 1865 and is Mad a Esm., I" enbrol Sant Imdume. Vachon: I " 9/4746 11-4.7 IILSE lat.) Y.7011 tar Lam FiKJ Paul« LT51••• Lin Rl0 ••• • 2.Jan> forams:mama. Narnati 3,1,2011 R. I nit Da
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
00I37111/411irePril syakens. and ImaJtaa4 access °maw% as woll an ncluerk solutions Scion CIAT<CIIIT ua&undtd te 1865 and is Mad a Esm., I" enbrol Sant Imdume. Vachon: I " 9/4746 11-4.7 IILSE lat.) Y.7011 tar Lam FiKJ Paul« LT51••• Lin Rl0 ••• • 2.Jan> forams:mama. Narnati 3,1,2011 R. I nit Da
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