Common use of Majority Shareholder Recommendation Clause in Contracts

Majority Shareholder Recommendation. The majority of shareholders of the Parent representing eighty-seven percent (87%) of the issued and outstanding shares determined that the terms of the Merger are fair to and in the best interests of the shareholders of Parent.

Appears in 3 contracts

Samples: Acquisition Agreement and Plan of Merger (ID Perfumes, Inc.), Acquisition Agreement and Plan of Merger (Adrenalina), Acquisition Agreement and Plan of Merger (Basic Services, Inc.)

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Majority Shareholder Recommendation. The majority of shareholders of the Parent representing eighty-seven percent (87%) 60% of the issued and outstanding shares determined that the terms of the Merger are fair to and in the best interests of the shareholders of Parent.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Merger (National Filing Agents Inc)

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