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Under the terms of the deal, Atlas Copco said it had offered Edwards investors up to $10.50 a share, depending on the British company's financial performance this year.
In an appraisal proceeding in Delaware, a dissenting shareholder can get more or less than the value of its shares depending on the court's determination.
Mr. Foley said that Mr. Schleyer's agreement entitled him to 10.1 million shares of restricted stock "upon the company's emergence from bankruptcy and up to another 5 million shares depending on the company's performance".
The California Investment Fund, a private company based in San Diego that has been interested in acquiring Dynex since April, proposed paying $2.4531 a share for Dynex's common stock, and a range of $10.88 to $13.91 for each preferred share, depending on the series of preferred stock.
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Bear Stearns analyst Christine Augustine kept a "peer perform" rating on the stock, but said she "could consider getting more constructive on the shares depending on the outcome of the strategic review of the credit-card business".
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