The ScottishPower Board unanimously recommends that all holders of the Bonds exercise their conversion rights as soon as practicable after the Effective Date (but not before) in order to receive the Iberdrola Shares (or Iberdrola CDIs) to which they are entitled on the Second Issue Date and in any event no later than before the end of the Special Conversion Period. The ScottishPower Board, which has been so advised by Morgan Stanley Co. International Limited, considers this proposal to holders of the Bonds to be fair and reasonable.
Trains are running less frequently, and it has led to delays and crowded railcars, with some trains even having to skip stations if they’re filled to capacity.Rob Henry, executive director of the Greater Valley Forge Transportation Management Association (GVF), said the reduced service is certainly affecting commuters in the area. He said the heaviest impact is probably on residents traveling from suburban areas to Center City, as opposed to people traveling out of the city.Henry said there are a lot of people in the area who commute both ways, so GVF advocates for people to utilize alternative forms of transit or ride bikes if they can. He said delays on Regional Rail are really heavy during the peak travel times, like in the morning and evening rushes, so it helps if businesses allow their employees to telework or use flextime.
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