Examples of Atlas Shares in a sentence
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.
Redstone was incorporated in Western Australia on 19 April 2018 for the principal purpose of making this Offer and acquiring and holding Atlas Shares (including the Offer Shares).
Redstone is offering an all-cash consideration for your Atlas Shares.
The all-cash Offer of $0.042 per Atlas Share represents compelling value for Atlas Shareholders to realise certain value for their Atlas Shares at a fixed cash price.
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.
In addition, once the Offer becomes unconditional, Redstone has committed to paying for your Atlas Shares within seven days of receipt of an effective acceptance (see section 8.3– "How to accept this Offer").
In lieu of fractional shares resulting from the above computations, the Company will make a cash payment equal to the value of such fractional shares based upon the closing price of the Atlas Shares on the New York Stock Exchange and of the Vista Shares on the American Stock Exchange two business days prior to the Closing (as hereinafter defined).
The low level of conditionality should provide Atlas Shareholders with a high level of certainty that they will be paid for their Atlas Shares following their acceptance of the Offer.
These announcements highlight the risks and uncertainties associated with owning Atlas Shares, whether directly (as Atlas Shareholders do currently) or indirectly.
In contrast, if you accept an alternative offer which provides you with listed shares in consideration for your Atlas Shares, the value of that consideration is uncertain and subject to variability, reflecting both the risks and uncertainties of the issuing entity, which will be compounded by the risks associated with the existing Atlas business, and the acquirer’s ability to successfully integrate and operate Atlas.