Cancelation of Treasury Stock. Each share of Class B Common Stock, par value $0.01 per share, of Continental (such shares, the “Continental Common Stock”), issued and outstanding immediately prior to the Effective Time that is owned by Continental and each share of Continental Common Stock issued and outstanding immediately prior to the Effective Time that is owned by United or Merger Sub shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 3 contracts
Samples: Merger Agreement, Merger Agreement (Ual Corp /De/), Merger Agreement (Continental Airlines Inc /De/)
Cancelation of Treasury Stock. Each share of Class B Common Stock, par value $0.01 per share, of Continental (such shares, the ““ Continental Common StockStock ”), issued and outstanding immediately prior to the Effective Time that is owned by Continental and each share of Continental Common Stock issued and outstanding immediately prior to the Effective Time that is owned by United or Merger Sub shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 1 contract
Samples: Merger Agreement
