Examples of Acquisition Parties in a sentence
The Special Committee believes that the Offer and the Merger will permit the stockholders of the Company, other than the Acquisition Parties, their affiliates and the Foundation, to sell all of their Shares at a fair price.
The Special Committee also considered the fact that the Merger Agreement and the transactions contemplated thereby were the product of arm's-length negotiations between the Acquisition Parties and the Special Committee (and their respective advisors), none of whose members were employed by or affiliated with the Company (except in their capacities as directors) or would have any equity interest in the Company following the Merger.
This determination was the result of the Special Committee's arm's-length negotiations with the Acquisition Parties in an attempt to obtain the highest possible price and the fact that the Offer Price was increased by the Acquisition Parties on two occasions to a price equal to $1.50 per Share in excess of the initial proposal made by the Acquisition Parties.
The Special Committee considered the historical market prices and recent trading activity of the Common Stock with a particular emphasis on the relationship between the $23.00 per Share in cash price offered by the Acquisition Parties and the trading history of the Common Stock.
The Special Committee concluded, based on its negotiations with the Acquisition Parties, that the Offer Price and Merger Consideration represented the highest price that the Acquisition Parties would be willing to pay in acquiring the Shares.