Cancellation of Treasury Shares and Parent-Owned Shares. All Common Shares that are owned by the Company as treasury shares and any Common Shares owned by Parent or Merger Sub will automatically be cancelled and extinguished and will cease to exist, and no consideration will be payable in exchange therefor.
Appears in 3 contracts
Samples: Merger Agreement (Biohaven Research Ltd.), Merger Agreement (Biohaven Research Ltd.), Merger Agreement (Biohaven Pharmaceutical Holding Co Ltd.)
Cancellation of Treasury Shares and Parent-Owned Shares. All Common Shares Each Company Ordinary Share that are is owned by the Company, any Company as treasury shares and any Common Shares owned by Subsidiary, Parent or Merger Sub will shall no longer be outstanding and shall automatically be cancelled canceled and extinguished retired and will shall cease to exist, and no consideration will shall be payable delivered or deliverable in exchange therefor.
Appears in 2 contracts
Samples: Merger Agreement (Avaya Inc), Merger Agreement (Radvision LTD)
Cancellation of Treasury Shares and Parent-Owned Shares. All Common Shares Each Share that are is held in the Company’s treasury or owned by Parent, Merger Sub, the Company as treasury shares or any of their respective Subsidiaries immediately prior to the Effective Time (each, an “Excluded Share”) shall be automatically canceled and any Common Shares owned by Parent or Merger Sub will automatically be cancelled and extinguished and will shall cease to exist, and no consideration will shall be payable delivered in exchange therefor.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Organon & Co.), Agreement and Plan of Merger (Roivant Sciences Ltd.)
Cancellation of Treasury Shares and Parent-Owned Shares. All Common Shares that are owned by the Company as treasury shares and any Common Shares owned by Parent or Merger Sub will automatically be cancelled and extinguished and will cease to exist, and no consideration will be payable in exchange therefor. Each Common Share that is owned by any direct or indirect wholly owned Subsidiary of Parent (other than Merger Sub) or the Company will be converted into such number of shares of the Surviving Corporation so as to maintain relative ownership percentages.
Appears in 2 contracts
Samples: Merger Agreement (Seagen Inc.), Merger Agreement (Pfizer Inc)
Cancellation of Treasury Shares and Parent-Owned Shares. All Common Shares that are owned by the Company as treasury shares and any Common Shares owned by Parent or Merger Sub Sub, in each case immediately prior to the Effective Time, will automatically be cancelled and extinguished and will cease to exist, and no consideration will be payable in exchange therefor.
Appears in 1 contract
