Cancellation of Treasury Stock and Parent-Owned Stock. All Shares that are owned by the Company as treasury stock and any Shares owned by Parent, the Purchaser or any other wholly owned Subsidiary of Parent shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.
Appears in 9 contracts
Samples: Merger Agreement (HFS Inc), Agreement and Plan of Merger (Honeywell International Inc), Merger Agreement (Pittway Corp /De/)
Cancellation of Treasury Stock and Parent-Owned Stock. All Shares that are owned by the Company or any of its Subsidiaries (as treasury stock or otherwise) and any Shares owned by Parent, the Purchaser or any other wholly wholly-owned Subsidiary of Parent immediately prior to the Effective Time shall be cancelled and retired and shall cease to exist exist, and no consideration shall be delivered in exchange therefor.
Appears in 1 contract
Samples: Merger Agreement (Cendant Corp)
