Examples of Go-Shop Period in a sentence
The Merger Agreement defines “Excluded Party” as any party from whom OM Group has received, prior to termination of the Go-Shop Period, a Company Superior Proposal or an offer that “could reasonably be expected to lead to a Company Superior Proposal.” Id. § 11.2.
During the Go-Shop Period, BNP Paribas and Deutsche Bank contacted forty-nine parties, including twenty-one strategic buyers, marking the first solicitation to potential strategic acquirers during the sale process.
Sections 9.1(c) and 9.2(b) of the Merger Agreement contemplated a termination fee of $18.3 million (approximately 1.83% of the transaction price) if the agreement terminated prior to expiration of the Go-Shop Period or at any time in favor of an agreement with an Excluded Party.
On July 5, 2015, the first day following the expiration of the Go-Shop Period, OM received a letter dated July 4, 2015 from Advanced Technology & Materials Co., Ltd.
Advanced’s Competing Bid Plaintiffs argue that the Proxy’s failure to disclose (i) that Advanced “made a written proposal in the $35.00 to $36.00 per share range during the Go-Shop [Period] .