Examples of Corporate Conversion in a sentence
The effective date of the Corporate Conversion was January 1, 2011.
The Corporate Conversion through a series of transactions involved the exchange, on a one‐for‐one basis, of the Fund Units and the Class B limited partnership units of Altus Group Limited Partnership (“Altus LP”) for common shares of the Company.
As a result of the Corporate Conversion, Tree Island Steel became the sole holder of the outstanding Units.
In connection with the Corporate Conversion, the Partnership liquidated and distributed these shares of common stock to the holders of partnership interests in the Partnership in direct proportion to their respective interests in the Partnership based upon the value of Traeger, Inc.
Pursuant to the Corporate Conversion, Tree Island Steel acquired all of the outstanding units of the Fund (“Units”), in exchange for shares (“Shares”), on the basis of one Share for each Unit.