Examples of MGI Common Stock in a sentence
Distributions shall be made in cash (including the portion of the Viad Account formerly credited with stock units representing MGI Common Stock).
Immediately following the Distribution, Chronimed shall contribute to the capital of MGI all of the shares of MGI Common Stock owned by Chronimed which are distributed to Chronimed's shareholders.
It is anticipated that each Chronimed shareholder on the Record Date will receive one (1) share of MGI Common Stock for each three (3) shares of Chronimed held by such a shareholder.
Chronimed and MGI understand and acknowledge that all of the shares of MGI Common Stock held by Chronimed will be distributed by Chronimed to the holders of outstanding shares of Chronimed Common Stock.
Chronimed and MGI shall prepare, and MGI shall file and pursue, an application to effect the listing of the MGI Common Stock on the Nasdaq National Market System under the symbol MDGN.
To the extent that a Participant had elected to defer incentive compensation in the form of stock units, in connection with the Spin Off, that portion of a Participant’s Viad Account consisting of Viad Corp stock units on the record date established for the Spin Off was credited with a number of stock units representing MGI Common Stock equal to the number of Viad Corp stock units in such Participant’s Viad Account on such record date.
MGI hereby agrees to use its reasonable efforts to effect and maintain the listing of the MGI Common Stock on the Nasdaq National Market System.
In lieu thereof, each Chronimed shareholder having a fractional interest equal to or greater than one-half share of MGI Common Stock shall be entitled to receive one additional full share of the MGI Common Stock and each Chronimed shareholder having a fractional interest less than one-half share of MGI Common Stock shall be entitled to receive only the actual number of full shares of the MGI Common Stock which such shareholder is entitled to receive in accordance with the Distribution.
Chronimed acknowledges that no additional shares of MGI Common Stock will be issued or issuable in connection with or as a result of completing such contribution.
Chronimed expects that of the 4,500,000 shares of MGI Common Stock which Chronimed currently owns or will own, approximately 4,100,000 shares will be distributed to Chronimed shareholders, and approximately 400,000 shares will be contributed to the capital of MGI.