Common use of PNU Rights Agreement Clause in Contracts

PNU Rights Agreement. The Board of Directors of PNU has taken the requisite action such that none of Monsanto, Merger Sub or any of their respective affiliates shall become an "Acquiring Person", and that no "Stock Acquisition Date" or "Separation Time" (as such terms are defined in the PNU Rights Agreement) will occur, by reason of the approval, execution or delivery of this Agreement, the PNU Stock Option Agreement or the consummation of the transactions contemplated hereby and thereby.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Pharmacia & Upjohn Inc), Agreement and Plan of Merger (Monsanto Co), Agreement and Plan of Merger (Pharmacia Corp /De/)

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