Ticona worked with MID maker Harting Mitronics in Biel, Switzerland, to develop the first commercial LDS application made of LCP.
Another innovative MID process is the "flex foil" film-insert overmolding technology developed by injection molder and moldmaker Erwin Quarder Werkzeugbau GmbH of Espelkamp, Germany.
Quarder is using its foils to produce MID door-locking systems for a European car maker at a rate of 2.9 million parts/yr.
Following completion of the merger, Scottdale will be merged into Mid Penn Bank and will operate as Scottdale Bank and Trust, a division of Mid Penn Bank.
Mid Penn Bancorp, through its banking subsidiary, Mid Penn Bank, has been serving Central Pennsylvania since 1868.
[] Second, if TAMs 9436005 and 9449001 are any indication, the swing vote premium should almost always be smaller than the MID.(19) TAM 9449001, in particular, highlights the opportunity to mitigate or avoid the swing vote premium through proper planning--the greater the number of shareholders needed to exercise control, the smaller the swing vote premium that can be imposed.
The Service ruled that the son's interest was not to be aggregated with the father's; therefore, the estate was entitled to a MID. There was no discussion of a swing vote premium to reduce the MID, which is correct because the son already had control.
The Tax Court denied a MID for the 0.88% gifts and on the 49.65% included in the decedent's estate.
The transaction will add four branches to Mid Penn's network and will expand the bank's footprint to include Schuylkill and Luzerne Counties.
Keefe, Bruyette and Woods, Inc., acted as financial advisor to Mid Penn, and Stevens and Lee, P.C., acted as its legal advisor in the transaction.
The court ruled that the voting stock was worth 10% more than the nonvoting stock (before discounts) and that no MID would be allowed because of the swing vote attributes.
In determining how much of a MID to apply to the nonvoting stock, the Winkler court cited a number of well-known cases(11) dealing with the issue of MIDs in a family-controlled corporation.