Examples of Carolina Group in a sentence
The increase in net income attributable to Carolina Group stock for the fourth quarter of 2004, as compared to the comparable period of the prior year, is due to improved overall results of the Carolina Group and reflects the increased economic interest to 34.68% for the three months ended December 31, 2004, as compared to 29.23% for the comparable period of the prior year, due to the sale by Loews Corporation of 10,000,000 shares of Carolina Group stock in December of 2004.
Net income per share of Carolina Group stock was not impacted by the sale of Carolina Group stock.
Represents 34.68%, 29.23%, 33.80% and 24.59% of the economic interest in the Carolina Group for the respective periods.
Effective as of the Effective Date, Lorillard shall assume the Carolina Group 2002 Stock Option Plan.
Further, we are expressing no opinion regarding the effect of the outcome, whether financial or otherwise, of any Product Liability Case on the Company or the Carolina Group Stock.
The term “Stock” shall mean shares of Carolina Group stock, par value, $0.01 per share, of the Company.
Results of operations of the Carolina Group include interest expense of $23.9 and $26.2 million, net of taxes, for the three months ended December 31, 2004 and 2003, respectively, on notional intergroup debt.
In the event of a redemption, if the Significant Transaction involves the Disposition of all (not merely substantially all) of the assets of the Carolina Group, then all remaining outstanding shares of Carolina Group stock will be redeemed in exchange for cash and/or securities (other than Loews common stock) or other property in an aggregate amount equal to the portion of the Carolina Group Net Proceeds to be applied to the redemption.
Carolina Group net income for the year ended 2004 was $545.9 million, compared to $468.3 million in the prior year.
At any time following the occurrence of a Tax Event, the Board of Directors, in its sole discretion, may effect a Board Required Exchange by declaring that all of the outstanding shares of Carolina Group stock shall be exchanged for (i) fully paid and nonassessable shares of Loews common stock in accordance with the Tax Event Equity Exchange Rate or (ii) cash, in accordance with the Tax Event Cash Exchange Rate.