Examples of BlackRock Common Stock in a sentence
MLIM Parent is acquiring the New BlackRock Common Stock and New BlackRock Preferred Stock to be issued as MLIM Consideration for investment and not with a view toward or for sale in connection with any distribution thereof in violation of any federal or state securities or “blue sky” Law, or with any present intention of distributing or selling such New BlackRock Common Stock or New BlackRock Preferred Stock in violation of any such Law.
MLIM Parent understands and agrees that the New BlackRock Common Stock and New BlackRock Preferred Stock to be issued as MLIM Consideration may not be Transferred or offered for Transfer or otherwise disposed of without registration under the Securities Act, except pursuant to an exemption from such registration, and without compliance with state, local and foreign securities Laws, in each case to the extent applicable.
The current dividend paid on the BlackRock Common Stock will be equal to the dividends paid on the preferred stock series described below.
The new Series C Preferred Stock will not be taken into consideration in determining PNC’s share of BlackRock earnings under the equity method.• PNC Ownership of BlackRock Common Stock.
Changes in BlackRock’s Common Stock price currently impact PNC’s net income directly, as PNC must mark-to-market its obligation to deliver shares of BlackRock Common Stock to provide a portion of the funding for BlackRock’s LTIP.
Simultaneously with PNC’s exchanges, Merrill Lynch will be exchanging all of its shares of BlackRock’s Series A non-voting convertible participating preferred stock, par value $0.01 per share, and a majority of its BlackRock Common Stock for a like number of shares of Series B Preferred Stock.
BlackRock shall prepare and file with the SEC a proxy statement/prospectus (the “ BlackRock Registration Statement”) in connection with the required affirmative vote of the holders of a majority of the BlackRock Common Stock (the “Required BlackRock Stockholder Vote”) as to the Merger, the issuance of New BlackRock Common Stock as Merger consideration, and the issuance of the MLIM Consideration.
Concepts for Trust ManagementIn the following chapters of this work, we consider trust as it is directed at inde- pendent actors.
PNC’s percentage ownership of BlackRock Common Stock is expected to increase from 36.5% to 47%.
These investment instruments cater for differing needs of 2 Also, pursuant to the Agreement, Barclays plc intends to acquire an aggregate of 37.8 million shares in BlackRock Common Stock, Series B Convertible Participating Preferred Stock and Series D Participating Preferred Stock, collectively representing approximately (and in no event greater than) a 4.9% voting interest and an aggregate 19.9% economic interest in BlackRock.