Examples of Cognizant Common Stock in a sentence
At the time of the Distribution, the Corporation shall contribute to IMS HEALTH any IMS HEALTH Common Shares received by the Corporation as a result of the forfeiture of restricted Cognizant Common Stock by employees of the Corporation in connection with the Distribution.
Shares of Cognizant Common Stock and ACNielsen Common Stock will be distributed to holders of D&B Common Stock of record as of the close of business on October , 1996 (the "Record Date").
Each such holder will receive one share of Cognizant Common Stock for every share of D&B Common Stock held on the Record Date and one share of ACNielsen Common Stock for every three shares of D&B Common Stock held on the Record Date.
There is no current trading market for the Cognizant Common Stock or the ACNielsen Common Stock, although a "when-issued" market is expected to develop prior to the Distribution.
IMS HEALTH agrees that promptly after the Distribution Date IMS HEALTH will sell the 800,000 shares of Cognizant Common Stock which IMS HEALTH will own as a result of Cognizant Common Stock currently held by IMS America Ltd.
Application has been made for listing of the shares of each of the Cognizant Common Stock and the ACNielsen Common Stock on the New York Stock Exchange under the symbols "CZT" and "ART", respectively.
No consideration will be paid by D&B's stockholders for shares of the Cognizant Common Stock or the ACNielsen Common Stock.
IMS HEALTH agrees that promptly after the Distribution Date IMS HEALTH will sell the 800,000 shares of Cognizant Common Stock which IMS HEALTH will own as a result of Cognizant Common Stock currently held by IMS America, Ltd.
See "The Distribution -- Listing and Trading of Cognizant Common Stock and ACNielsen Common Stock." --------------------- FOR A DISCUSSION OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED BY RECIPIENTS OF THE COGNIZANT COMMON STOCK AND THE ACNIELSEN COMMON STOCK, SEE "CERTAIN CONSIDERATIONS".
The Board of Directors declared a dividend to shareholders of record as of the close of business on June 25, 1998 consisting of one share of IMS Health Common Stock for each share of Cognizant Common Stock.