Fairmont Share definition
Examples of Fairmont Share in a sentence
At the Effective Time, each Fairmont Share outstanding immediately prior to the Effective Time will be exchanged as provided in the Plan of Arrangement, and the Arrangement will, from and after the Effective Time, have all of the effects provided by applicable Laws, including the CBCA.
Kingdom and Colony jointly submitted an indication of interest at $45.00 per Fairmont Share.
On January 9, 2006, eight indications of interest for a transaction involving all of the Fairmont Shares were received ranging in price from $39.00 to $45.00 per Fairmont Share.
This amount may be the same as, more than or less than the $45.00 in cash per Fairmont Share offered under the Arrangement.
In order to receive the Fairmont Share Consideration for your Fairmont Shares, Registered Shareholders must complete and sign the Letter of Transmittal enclosed with this Circular and deliver it and the other documents required by it to the Depositary in accordance with the instructions contained in the Letter of Transmittal.
At Fairmont's direction, Scotia Capital has not been asked to, nor does it, offer any opinion as to the material terms (other than the Fairmont Share Consideration) of the Acquisition Agreement, the Plan of Arrangement or the form of the Arrangement.
On and after the Effective Time, all certificates that represented Fairmont Shares immediately prior to the Effective Time will cease to represent any rights with respect to Fairmont Shares and will only represent the right to receive the applicable portion of the Fairmont Share Consideration payable pursuant to the Plan of Arrangement.
The Financial Advisors provided their Fairness Opinions to the Special Committee to the effect that as of that date, subject to the limitations and assumptions set forth therein, the consideration to be received by Shareholders (other than the Purchaser and its Affiliates) pursuant to the Acquisition Agreement, being $45.00 in cash per Fairmont Share, was fair, from a financial point of view, to such Shareholders.
On January 31, 2006, Icahn announced that they would allow the Icahn Offer to expire at 8:00 p.m. (Toronto time), on February 7, 2006, in light of the Board's decision to recommend approval of the Arrangement providing for a payment of $45.00 per Fairmont Share in cash and that any Fairmont Shares tendered to the Icahn Offer would be returned and not purchased.
The purchase price to be offered by Icahn was $40 per Fairmont Share in cash.