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Proration

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Proration
When the available Cash/shares during a corporate action are not sufficient to satisfy the tendered offers by shareholders. Therefore, a proportion of both are granted to each Offer tendered.
    
When you Tender an Offer for a corporate action, the company making the Bid Will attempt to fulfill the Tender as you requested. However, if the company does not have enough stock or Cash, a mixture Will be given in order to appease all stockholders.
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