Newco Stock. At the Effective Time, each share of the common stock of NEWCO outstanding immediately prior to the Effective Time shall remain outstanding and shall continue as one share of common stock of the Surviving Corporation, and each certificate theretofore representing any such shares shall, without any action on the part of the holder thereof, be deemed to represent the same number of shares of the Surviving Corporation.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Studio Plus Hotels Inc), Agreement and Plan of Merger (Extended Stay America Inc)
Newco Stock. At the Effective Time, each share of the common stock of NEWCO Newco outstanding immediately prior to the Effective Time shall remain outstanding be converted into and shall continue as become one share of common stock stock, par value $.01 per share, of the Surviving Corporation, and each certificate theretofore representing any such shares shall, without any action on the part of the holder thereof, be deemed to represent the same number of shares of the Surviving Corporation.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Alberto Culver Co), Agreement and Plan of Merger (Worth John R)
