Cancelation of Treasury Stock. Each share of Company Common Stock and Company Series B Preferred Stock that is owned by the Company shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 2 contracts
Samples: Merger Agreement (Bethlehem Steel Corp /De/), Merger Agreement (Lukens Inc)
Cancelation of Treasury Stock. Each share of Company Common Stock and Company Series B Preferred Stock that is owned by the Company shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.
Appears in 1 contract
Cancelation of Treasury Stock. Each share of common stock, par value $.001 per share, of Company (“Company Common Stock and Company Series B Preferred Stock Stock”) that is owned by Company as treasury stock immediately prior to the Company Effective Time shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 1 contract
Samples: Merger Agreement (DatChat, Inc.)
