Examples of AbbVie Shares in a sentence
The AbbVie Shares to be issued as part of the Scheme Consideration have been duly authorized and, when issued and delivered in accordance with the terms of this Agreement, will have been validly issued and will be fully paid and nonassessable and the issuance thereof will be free of preemptive rights.
Neither Allergan nor any of its Subsidiaries beneficially owns, directly or indirectly, any AbbVie Shares or other securities convertible into, exchangeable for or exercisable for AbbVie Shares, and neither Allergan nor any of its Subsidiaries has any rights to acquire any AbbVie Shares (other than any such securities owned by Allergan or any of its Subsidiaries in a fiduciary, representative or other capacity on behalf of other Persons, whether or not held in a separate account).
The Allergan Replacement Options and Allergan Replacement Share Awards will be settled in AbbVie Shares, and AbbVie shall take all corporate action necessary to effectuate the foregoing.
The Arrangement is conditioned on, among other things, the approval of the Merger Agreement Proposal by the holders of a majority of the AbbVie Shares outstanding and entitled to vote.
In order to achieve this, the Scheme Shares will either be transferred to New AbbVie (or a subsidiary of New AbbVie) or cancelled and new AbbVie Shares issued to New AbbVie.
Once the Scheme has become Effective, New AbbVie Shares will be allotted to Scheme Shareholders and former AbbVie Stockholders.Application will be made for the listing of New AbbVie Shares on the NYSE.
The transfer of those Scheme Shares to, or cancellation and issue of new AbbVie Shares to, New AbbVie (or a subsidiary of New AbbVie) will result in Shire becoming a direct or indirect wholly owned subsidiary of New AbbVie.The Scheme requires approval by Shire Shareholders by the passing of a resolution at the Court Meeting.
AbbVie Shares are listed on the NYSE under the symbol ‘‘ABBV’’ and the Chicago Stock Exchange.
Following completion of the Transaction, New AbbVie will become the holding company of the Shire Group and the AbbVie Group.Application will be made for the listing of New AbbVie Shares on the NYSE.
Fractions of New AbbVie Shares will not be allotted to Scheme Shareholders but will be aggregated and sold as soon as practicable after the Scheme becomes Effective.