ARM 6.6.1316. PROXY STATEMENTS--MERGERS, CONSOLIDATIONS, ACQUISITIONS, AND SIMILAR MATTERS

(1) If action is to be (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 furnished: (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 taken with respect to a merger, consolidation, acquisition, or similar matter, the proxy statement shall furnish in brief outline the following information: expense statement for the last fiscal year, giving effect to the necessary adjustments with respect to the resulting company.