Effect on Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of Sub, Target or the holders of any securities of Target or Sub: (a) Cancellation of Target-Owned Stock and Acquiror-Owned Stock. Each share of Target Common Stock that is owned directly by Target as treasury stock or by Acquiror shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 3 contracts
Samples: Merger Agreement (Tech Sym Corp), Merger Agreement (Geoscience Corp), Merger Agreement (Core Laboratories N V)
Effect on Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, Target Target, Acquiror or the holders of any securities of Target or Sub: Stockholders:
(a) Cancellation of Target-Owned Stock and Acquiror-Owned Stock. Each share of Target Common Stock that is owned directly by Target Telcom I or Telcom II as treasury stock or by Acquiror shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 1 contract
Samples: Merger Agreement (Motient Corp)
Effect on Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of Sub, Target or the holders of any securities of Target or Sub: :
(a) Cancellation of TargetCANCELLATION OF TARGET-Owned Stock and AcquirorOWNED STOCK AND ACQUIROR-Owned StockOWNED STOCK. Each share of Target Common Stock that is owned directly by Target as treasury stock or by Acquiror shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 1 contract
Samples: Merger Agreement (Tech Sym Corp)
