LYCOS RETRIEVER 
Election: Results
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PakTribune – an internet news daily - provided exclusive election coverage in October 2002. It received 1.1 million hits in three days! PakTribune was the only website on the entire net providing election results through an automated database structure.
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Yardville shareholders are entitled to make an election about the type of merger consideration (cash or shares of PNC common stock) they prefer to receive for each share of Yardville common stock exchanged in the merger. In each case, such consideration will have a value approximately equal to the sum of (a) 0.2923 multiplied by the average of the closing prices on the New York Stock Exchange for PNC common stock during the five trading days ending the day before the completion of the merger and (b) $14.00. All elections are subject to the proration procedures provided in the merger agreement. As a result, shareholders who elect to receive entirely cash or entirely PNC common stock may receive a combination of cash and common stock, and shareholders who elect to receive a combination of cash and PNC common stock may receive cash and common stock in a different proportion from what they elected.
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As in 2004, the Exit Poll and the reported election results do not add up. Once again the media reflexively discredited the Exit Poll. But there are several objective yardsticks in the Exit Polls that establish their validity and expose the inaccuracy of the election returns. These findings are detailed in a paper published today on the EDA website.
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After the final results of the election process are determined, the actual merger consideration and the allocation of the merger consideration will be computed using the formula in the merger agreement. The aggregate amount of cash that will be paid in the merger is capped at $550 million and will be reduced on a dollar-for-dollar basis to the extent of certain cash dividends and other cash distributions declared or paid by Global Signal or any of its subsidiaries after October 5, 2006 and prior to the effective time of the merger. No such cash dividends or other cash distributions have been declared or paid as of January 8, 2007.
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There is a new report just out from electionline.org, providing the results of a survey of state election directors of their ballot recounting procedures. As the report correctly notes, understanding ballot recounting procedures is increasingly important --- as ballot recounts are becoming more complicated (as there are a multiplicity of voting methods now used in most states, most typically early, absentee, provisional, and precinct voting) and more common.
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Listed here are election results separated by year. Click on a year to go to a page showing all the elections in that year. On that page, click on an election to view the results of that elections.
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