6.6.1316 PROXY STATEMENTS--MERGERS, CONSOLIDATIONS, ACQUISITIONS, AND SIMILAR MATTERS
(1) If action is to be
taken with respect to a merger, consolidation, acquisition, or
similar matter, the proxy statement shall furnish in brief outline the following information:
(a) The rights of appraisal or similar rights of dissen-
ters with respect to any matters to be acted upon, and any procedure required to be followed by dissenting stockholders in order to perfect those rights;
(b) The material features of the plan or agreement;
(c) The business done by the company to be aquired or whose assets are being acquired;
(d) If available, the high and low sales prices for each
quarterly period within two years;
(e) The percentage of outstanding shares which must approve the transaction before it is consummated.
(2) For each company involved in a merger, consolidation,
or acquisition, the following financial statements shall be
(a) A comparative balance sheet as of the close of the
last two fiscal years;
(b) A comparative statement of operating income and ex-
penses for each of the last two fiscal years and, as a continuation of each statement, a statement of earnings per share after related taxes and cash dividends paid per share;
(c) A pro forma combined balance sheet and income and
expense statement for the last fiscal year, giving effect to
the necessary adjustments with respect to the resulting company.
History: Sec. 33-3-447 MCA; IMP, Sec. 33-3-447 MCA; EMERG, NEW, Eff. 5/5/75.