From: "Jeffrey E." <jeevacation@gmail.com>
To: Richard Kahn
Subject: Re: Voluntary Offer for Southern Financial
Date: Fri, 06 Nov 2015 22:19:35 +0000
no
On Fri, Nov 6, 2015 at 5:08 PM, Richard Kahn < > wrote:
attached is offer to swap GE stock for Synchrony Financial
currently you own 23,000 shares of GE with a 21.57 cost basis per share (496,109 total cost)
unrealized gain as of today is 191,820
i have not seen any factual information yet however i do not believe swap will be taxable if you choose to
pursue
attached is offer to swap GE stock for Synchrony Financial
attached is indicative exchange with yesterdays closing prices:
Date: November 5, 2015 4:30pm ET
GE Daily VWAP: $29.5617
GE Closing Price: $29.64
Synchrony Daily VWAP: $32.2106
I- Synchrony Closing Price: $32.61
Indicative Exchange Ratio(1): 0.9855
I-
Upper Limit: 1.1308
Upper Limit in Effect: No
I-
Final Exchange Ratio:
GE
closed today at 29.91
dividend yield 3.10%
uhb=uhb2&fr=uh3 finance_vert_gs&type=2button&s=ge
Synchrony Financial - pays no dividend
closed today at 33.98
EFTA00841349
YwNVSCAzIERIc2t0b3AgU2VhcmNoIDErylg=X3oDMTBz0TkyZWtoBGxhbmcDZW4tVVMEcHQDc2
VjdGIvbnMEdGVAIAM--_ylv=3?uhb=uhb2&fruh3 finance vert_gs&type=2button&s=syf
looks.html?puc=yahoo&cm_ven=YAH0O
please advise if you are interested in swap or pass
thank you
Richard Kahn
HBRK Associates Inc.
Begin forwarded message:
From: Ariane Dwyer
Subject: Voluntary Offer for Southern Financial
Date: November 6, 2015 at 3:23:14 PM EST
To: Richard Kahn <
Cc: Vahe Ste anian , Daniel Sabba < 0, Jj
Litchford <
Hi Rich,
I am emailing regarding a voluntary offer for Southern Financial. GE is offering its shareholders the
opportunity to exchange shares of GE for shares of Symphony Financial. Recall that Southern Financial
holds 23,000 shares of GE valued at —$685,000. Southern Financial can swap all, some or none of its shares
for Symphony.
Please refer to the attached prospectus and below website for further information.
As per the below details, we require Southern Financial to make a decision by 11/13/15. Let us know if you
have any questions.
EFTA00841350
Have a great weekend,
Ari
Best,
Ari
Mane Dwyer
Analyst I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset 8 Wealth Man. ement
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