| Q. | What will I receive in the merger? | | A. | For each share of TALX common stock that you own, you had the right to elect either 0.861 of a share of Equifax common stock, or $35.50 in cash, without interest. Election forms to make such election were due to the exchange agent May 14. However, under the merger agreement, Equifax and TALX agreed that, regardless of the elections made by TALX shareholders, 75% of the outstanding shares of TALX common stock will be converted into shares of Equifax common stock, and the remaining 25% of the shares will be converted into cash. Therefore, the cash and stock elections that you made are subject to proration to preserve this requirement. As a result, you could receive cash or shares of Equifax common stock for greater or fewer TALX shares than you specified in your election. |
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