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Old 04-30-2012 | 12:33 PM
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newKnow
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Joined: Feb 2007
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From: 765-A
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Originally Posted by Denny Crane
Would buying that much of VA require some scope relief on our part????

Here is part of the definition of "Control" from Section 1.

Control” for the purposes of Section 1, will exist by entity A over entity B, only if A,
whether directly or indirectly through the control of other entities:
a. owns securities that constitute and/or are exchangeable into, exercisable for or
convertible into more than:
1) 30 percent (49 percent with respect to the Company’s interest in a foreign air
carrier) of B’s outstanding common stock, or if stock in addition to common stock
has voting power,

Denny
Damn. You guys are good!