Cancellation of Subsidiary-Owned and Parent-Owned Company Common Stock. Any shares of Company Common Stock owned by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by Parent, Merger Sub or any wholly owned Subsidiary of Parent immediately prior to the Effective Time shall be automatically canceled and shall cease to exist and no consideration shall be delivered in exchange therefor.
Appears in 5 contracts
Samples: Merger Agreement (Plethico Pharmaceuticals Ltd.), Merger Agreement (Shire PLC), Merger Agreement (Nutra Acquisition CO Inc.)
Cancellation of Subsidiary-Owned and Parent-Owned Company Common Stock. Any shares of Company Common Stock owned by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by Parent, Merger Sub the Merged Corporation or any wholly owned Subsidiary of Parent immediately prior to the Effective Time shall be automatically canceled and shall cease to exist and no consideration shall be delivered in exchange therefor.
Appears in 2 contracts
Samples: Merger Agreement (Shire PLC), Merger Agreement (New River Pharmaceuticals Inc)
