1.   Participating preferred shareholders have the right to have their shares converted to ordinary shares if the dividend is passed for a given number of years.

2.   Alpine Lace preferred stockholders will receive cash as if the shares were converted into common stock.

3.   After five years, the preferred shareholders will have the right to convert their shares to common stock of Tele-Communications.

4.   But Gabelli will not be able to quickly convert those shares into cash compensation.

5.   Each issued and outstanding share will be converted into the right to purchase a newly issued share in the combined company.

6.   Elsevier shareholders will have their shares converted to the new name.

7.   Fust said shareholders could also convert their shares into new so-called Jelmoli Type-B-shares.

8.   However, it will convert its share of production capacity to other products over time.

9.   If the banks failed to pay dividends, the government could convert the shares into common stock, effectively nationalizing them.

10.   Investors who bought DuPont earlier with the idea of converting shares into Conoco might sell those shares if they are left out of the exchange.