Conversion of Target Capital Stock. (a) Exchange Ratio for Common Stock. Each share of Common Stock, par --------------------------------- value $.001 per share, of TARGET (the "TARGET Common Stock") issued and --------------------- outstanding immediately prior to the Effective Time will be canceled and extinguished and automatically converted (subject to Section 3.4) into the right ----------- to receive shares of PARENT Common Stock as per an exchange ratio which shall be determined by dividing the full amount of all of such issued and outstanding Capital Stock of TARGET by 14,000,000 (the "Exchange Rate").
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Genesis Bioventures Inc), Agreement and Plan of Merger (Genesis Bioventures Inc), Agreement and Plan of Merger (Genesis Bioventures Inc)
Conversion of Target Capital Stock. (a) Exchange Ratio for Common Stock. Each share of Common Stock, par --------------------------------- value $.001 per share, of TARGET (the "TARGET Common Stock") issued and --------------------- outstanding immediately prior to the Effective Time will be canceled and extinguished and automatically converted (subject to Section 3.4) into the right ----------- to receive shares of PARENT Common Stock as per an exchange ratio which shall be determined by dividing the full amount of all of such issued and outstanding Capital Stock of TARGET by 14,000,000 attached Exhibit (the "Exchange RateRatio").
Appears in 1 contract
Samples: Amended and Restated Agreement and Plan of Merger (Bioenvision Inc)
