Flip-over. If our Company is later acquired in a merger or similar transaction after the Rights Distribution Date, all holders of Rights except the Acquiring Person shall thereafter have the right to receive, upon exercise, that number of shares of common stock of the acquiring company which equals the Exercise Price divided by 50% of the current market price of such common stock at the date of the occurrence of the event.
Appears in 4 contracts
Samples: Rights Agreement (Medifast Inc), Rights Agreement (Medifast Inc), Rights Agreement (Cosi Inc)
Flip-over. If our Company is later acquired in a merger or similar transaction after the Rights Distribution Date, all holders of Rights except the Acquiring Person shall thereafter will have the right to receive, receive upon exerciseexercise at the then current exercise price, that number of shares of common stock of the acquiring company which equals at the Exercise Price divided by 50% time of such transaction will have a market value of two times the exercise price of the current market price of such common stock at the date of the occurrence of the eventRight.
Appears in 1 contract
Samples: Rights Agreement (Freds Inc)
Flip-over. If our Company is later acquired in a merger or similar transaction after the Rights Distribution Date, all holders of Rights except the Acquiring Person shall thereafter have may, for the right to receiveExercise Price, upon exercise, that number of purchase shares of common stock of the acquiring company which equals corporation with a market value of $[·] based on the Exercise Price divided by 50% of the current market price of the acquiring corporation’s stock, prior to such common stock at the date of the occurrence of the eventmerger.
Appears in 1 contract
Flip-over. If our Company is later acquired in a merger or similar transaction after the Rights Distribution Date, all holders of Rights except the Acquiring Person shall thereafter have may, for the right to receiveExercise Price, upon exercise, that number of purchase shares of common stock of the acquiring company which equals corporation with a market value of twice the Exercise Price divided by 50% of based on the current market price of such common stock at the date of the occurrence of the eventacquiring corporation’s stock.
Appears in 1 contract
Samples: Rights Agreement (Rayonier Advanced Materials Inc.)