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Thus, total assets and shareholder's equity increased on
average by approximately 8.0 and 12.46 percent per annum,
respectively, for the 5 years preceding decedent's death.
5. Ownership
At the date of valuation, the shares of Savings stock were
distributed among 215 shareholders as follows:
Shareholder No. of Shares Percentage
Estate of Frank A. Branson 12,889 12.89
Charles B. Mannon 16,716 16.72
Everett & Martha Coe 17,355 17.35
Others1 53,040 53.04
Total 100,000 100.00
1The shares held by others are widely distributed, with many
of the shareholders owning less than 3 percent.
6. Sales of Savings Stock
The investment department of Savings maintains an informal
list of people who are interested in buying shares of its stock.
Usually, when a shareholder wants to sell his or her shares, the
shareholder contacts Savings, which informs the shareholder of
the most recent sale price and the current book value of the
stock. Savings then assists the shareholder in finding a buyer
willing to pay the price that the shareholder requires.
Historically, Savings shares have traded at or near book value.
Since 1980, there have been several sales of blocks of
several hundred shares. In each of these sales, the shares
changed hands on a single day and all the shares traded for the
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Last modified: May 25, 2011