Traditionally, the programs have been open only to current shareholders.
The transaction is meant to be tax free to current shareholders.
Current shareholders, however, will be able to make additional investments.
"Perhaps this is because so many of the company's current shareholders have a short-term orientation."
Their current shareholders are left with little or nothing.
The company is also seeking to raise new equity from its current shareholders.
It will slash by more than half the control that the current shareholders have over the trust bank.
For current shareholders, however, the agreement would dilute the value of their stock.
There is no word yet on how current shareholders will be compensated for their equity.
The proposal could be a windfall for current Limited shareholders.
