Examples of Approval Provisions in a sentence
If renewed, the Proportional Takeover Approval Provisions will be in exactly the same terms as the existing provisions and will have effect for a three year period commencing on the day this resolution is passed.
The reasons why the Board has proposed that the Proportional Takeover Approval Provisions should be renewed are set out below as the advantages of the provisions.
If the Proportional Takeover Approval Provisions cease to apply, the Company’s constitution is, by force of section 648G(3), altered by omitting Article 9.Resolution 8, if passed, will renew the Proportional Takeover Approval Provisions in accordance with section 648G of the Corporations Act.
Resolution 10 – Renewal of Proportional Takeover Bid Approval Provisions BackgroundThe Company's Constitution contains proportional takeover bid approval provisions (Proportional Takeover Provisions) which enable the Company to refuse to register securities acquired under a proportional takeover bid unless a resolution is passed by shareholders in general meeting approving the offer.
This paper is about a related third FTC initiative: the October 2021 Statement of The Commission on Use of Prior Approval Provisions in Merger Orders2 and, in particular, the Coca-Cola/Dr Pepper case that provided the sound reasons underlying the 1995 policy that the current Commission majority has now repudiated.
The proposed Approval Provisions will expire 3 years after their adoption unless renewed by a further special resolution.
Statement of the Commission on Use of Prior Approval Provisions in Merger Orders (Oct.
The proposed Approval Provisions will allow members to decide whether a proportional takeover bid is acceptable and should be permitted to proceed.
The Board considers that the Approval Provisions have no potential advantages or disadvantages for the Directors.
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