Corporations | Further Information for Corporations
In December 2008, ShareGift USA received a No Action Letter from the SEC enabling it to include a ShareGift USA donation option in corporate transactions such as mergers, acquisitions, tender offers and spin-offs. ShareGift USA is now poised to receive shares or cash consideration received as a result of such transactions. ShareGift USA is pleased to announce that its donation option has been included in the $40bb Merck-Schering-Plough merger and in the $10bb Fidelity National Information Services - Metavante Technologies, Inc. merger. Please see the links below for the relevant information.
Fidelity National Information Services-Metavante Technologies, Inc.
In addition, ShareGift USA has participated in share donation programs with numerous corporations undertaking odd lot round-up programs. In each case, shareholders were given the option to donate their oddlot shares to charity through ShareGift USA, in addition to being given the customary options of selling their unwanted holdings or purchasing enough additional shares to obtain round lots. As can be seen in the links below, the letters to shareholders are simple and straightforward.
ShareGift is a proven concept, in both the US and the UK.
In fact, over 50% of the FTSE 100 Companies in the UK have worked with ShareGift in encouraging shareholders to consider donating shares to charity. In the UK, this option is regularly included in company-led share sale/purchase offers, in mergers and acquisitions which may create odd lots or fractional shares, or in annual reports and other shareholder communications.
Further Examples
Please visit the Companies section of the website of ShareGift in the UK
(www.sharegift.org)
for a list of the many companies that have worked with ShareGift and for specific case studies of the ways in which UK
corporations have used ShareGift in addressing their odd lot shareholders.
Corporations |
Further Information for Corporations