Cancellation of Stock. Each share of Company Common Stock that is owned by the Company or any wholly owned subsidiary of the Company (as treasury stock or otherwise) shall automatically be canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.
Appears in 4 contracts
Samples: Amended and Restated Agreement and Plan of Merger (Vanguard Cellular Systems Inc), Agreement and Plan of Merger (Oec Compression Corp), Amended and Restated Agreement and Plan of Merger (At&t Corp)