Examples of Atlas Shares in a sentence
After February 17, 2011, Atlas Shares were delisted from the New York Stock Exchange (NYSE).
Additionally, GreatBanc determined that there could also be a risk to the Plan in selling the Atlas Shares prematurely if, for example, the Merger did not close, or if another potential buyer offered more for the Atlas Shares after these shares were sold.
In such a situation, GreatBanc would have foregone the potential higher consideration that the Plan could have received for the Atlas Shares.
Under the terms of the Plan, voting rights passed through to participants in proportion to the number of Atlas Shares held in their respective Company Stock accounts in the Plan.
Specifically, GreatBanc had authority to (a) review and evaluate the Merger, (b) take all appropriate action necessary in connection with the Merger (including the execution of the pass-through voting procedures under the terms of the Plan), (c) vote the Atlas Shares in those accounts for which no participant direction was timely received, and (d) ensure that the AHD Units were disposed of in a timely and prudent manner after the Merger.
However, after consulting with Prairie to determine which course of action was more prudent and fair to the Plan and its participants, GreatBanc determined that exchanging the Atlas Shares, in part, for the AHD Units would be the best course of action, provided a prohibited transaction exemption could be obtained from the Department.9 20.
Except for the Atlas Shares and the Atlas Warrants set forth on Section 4.6(a) of the Atlas Disclosure Schedules (assuming that no Atlas Stockholder Redemptions are effected), and, immediately prior to Closing and before giving effect to the PIPE Financing, there shall be no other Equity Securities of Atlas issued and outstanding.
That Atlas Shareholder is therefore capable of blocking compulsory acquisition if it chooses not to accept the Hancock Offer and does not otherwise dispose of its Atlas Shares.
This is likely to reduce the liquidity of Atlas Shares, and may adversely affect the price at which they might otherwise be expected to trade.
In addition to the provisions of this Section, no real estate developer sign shall be more than 5 metres in width when located on the lands subject to the development.