M.D.C. Holdings (MDC) has issued an announcement.
A merger has successfully concluded, transforming the landscape for shareholders and stakeholders of the involved company. Common stock shareholders received a cash payout of $63 per share, while stock options, RSAs, and PSUs were settled in cash based on pre-determined formulas. Following the merger, trading of the company’s common stock on the NYSE has been suspended, leading to its eventual delisting. The management team has also undergone changes, with new director appointments and resignations reflecting the post-merger leadership structure. Furthermore, amended employment and control agreements have been established, securing significant transaction bonuses and benefits for select executives.
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