Termination of Registration of Shares Sample Clauses
Termination of Registration of Shares. The Company, acting through its Board, at the earliest practicable time following the Tender Offer Purchase Time (but in no event prior to the record date for the Stockholders' Meeting, if necessary, called for the purpose of approving the Merger), if the number of holders of record of the Shares at such time is smaller than 300, take all steps necessary or appropriate to terminate registration of the Shares under the Exchange Act, including without limitation the filing of Exchange Act Form 15 with the SEC and of a notice to the Nasdaq National Market to delist the Shares.
Termination of Registration of Shares. 36 SECTION 5.4. OTHER POTENTIAL ACQUIRERS.......................................36 SECTION 5.5. ACCESS TO INFORMATION...........................................38 SECTION 5.6.
Termination of Registration of Shares. The Company, acting through its Board, at the earliest practicable time following the Tender Offer Purchase Time and as soon as the number of holders of record of the Shares is fewer than 300, shall take all steps necessary or appropriate to terminate registration of the Shares under the Exchange Act, including without limitation the filing of Exchange Act Form 15 with the SEC and of a notice to the Nasdaq National Market to delist the Shares.
Termination of Registration of Shares. It is the present intention of Purchaser to seek to cause the Company to make an application for the termination of the registration of Shares under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as soon as possible after the purchase of Shares pursuant to the Offer if the requirements for termination of such registration are met. See "THE TENDER OFFER--Section 11. Effect of the Offer on the Market for the Shares; the New York Stock Exchange and Exchange Act Registration." THIS OFFER TO PURCHASE AND THE RELATED LETTER OF TRANSMITTAL, TOGETHER WITH THE SCHEDULE 14D-9 (AS DEFINED BELOW) ISSUED ON BEHALF OF THE SPECIAL COMMITTEE AND THE COMPANY BOARD, CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE OFFER. 2 5 SPECIAL FACTORS BACKGROUND OF THE OFFER Business of the Company The Company is the nation's leading specialty catalog retailer of value-priced apparel, with catalogs that target consumers of both special and regular size apparel. Through its Lane ▇▇▇a▇▇ ▇▇▇ Roaman's catalogs, the Company is the leading catalog retailer of women's special size apparel (sizes 14 through 56), and, through its KingSize catalog, is a leading catalog retailer of men's special size apparel (sizes XL to 9XL). The Company's Chad▇▇▇▇'▇ ▇▇ Boston catalog division ("Chad▇▇▇▇'▇"), which the Company acquired in December 1996, is the nation's largest off-price women's catalog retailer, and offers a broad selection of high quality apparel at prices typically 25% to 50% below the regular prices of department and specialty retail stores. The Company also reaches the women's regular size apparel market (sizes 4 to 18) through its Lern▇▇ ▇▇▇alog. In addition, the Company has recently introduced and continues to develop several new catalog concepts. The Company successfully launched the Bridgewater catalog (regular size women's, men's and children's apparel) in fiscal 1996 and Jess▇▇▇ ▇▇▇▇▇▇ (▇▇f-price special size women's apparel) and Bret▇ (▇▇gular size men's apparel) catalogs in fiscal 1997. The Company also markets apparel to some of these same customer segments through three catalogs which it distributes under the "Sears" name to customers of Sears, Roeb▇▇▇ ▇▇▇ Co. under an exclusive licensing arrangement with Sears Shop at Home Services, Inc. The Company's merchandising strategy is to provide value-priced apparel with a consistent quality and fit, to concentrate on apparel with limited fashion risk, and...