1.   FirsTier shares fell after the announcement, as the swap ratio valued FirsTier below its Friday closing price.

2.   It will also inform them of the criteria used to determine the swap ratios.

3.   The group of unidentified shareholders also are demanding a share swap ratio favorable to Thyssen.

4.   The directors of National Bank of Greece and Alpha Bank proposed a share swap ratio of seven shares of the new bank for every nine Alpha shares.

5.   The independent joint valuers then recommended a swap ratio to both boards, which approved the merger.

6.   The share swap ratios in the complex deal have not been disclosed.

7.   Therefore the information of the merger by itself was not enough to induce a reasonable person to buy shares until the share swap ratio was known.