Competent Authority, so as to reach resolution of the issue with
the foreign competent authority.
If you resolve an issue with
the agent, you may think this a good resolution of this issue.
STOCKHOLM, Sweden -- On account of the earlier announced acquisition of 3M's European pharmaceutical division the Board of Meda has decided on a new share issue with
preferential rights for the Company's shareholders in the amount of SEK 1,857 million - subject to approval by an Extraordinary General Meeting.
The Institute has also discussed this issue with
the National Commission on Restructuring the Internal Revenue Service.
The right to subscribe for new shares shall only lie with those guarantors taking part in the consortium guaranteeing the issue with pre-emption rights for the shareholders proposed by the board of directors below, with the right and obligation to pay SEK 2.
The issue is contingent upon resolution by the general meeting in accordance with the board of directors' proposal above on an issue of new shares against consideration in the form of offset directed towards the guarantors guaranteeing this issue with pre-emption rights for the shareholders.
The Commissioner's approval of accounting method changes is generally conditioned on the absence of an issue with
respect to the method of accounting in a year preceding the year of change.
In accordance with the decision at the shareholders' meeting on May 22, the board has decided to offer Framfab's existing shareholders the opportunity to participate in a new share issue with preferential rights for existing shareholders.
The new share issue with preferential rights for existing shareholders will increase the company's share capital with at least SEK 10,000,000 and at most SEK 14,984,121.
The new share issue with preferential rights for existing shareholders is conditional upon a subscription of shares amounting to at least SEK 100 million.
New share issue with preferential rights for existing shareholders Subscription rights: Each Framfab share gives the owner one subscription right.
Burke noted that the Institute would raise the issue with representatives of the Canadian Department of Finance during the Canadian liaison meetings the following week.
Editor's Note: TEI discussed this issue with the IRS at its liaison meeting the next day and has had a follow-up discussion with that agency.
Editor's Note: TEI filed supplemental comments on this issue with Treasury on February 9, 1995.
In addition, the examining district must coordinate its handling of the issue with
the appropriate Industry Specialist.