Minority Stock Offerings definition

Minority Stock Offerings means one or more offerings of less than 50 percent in the aggregate of the outstanding Common Stock of the SHC to persons other than the MHC.
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Examples of Minority Stock Offerings in a sentence

  • As a stock subsidiary of the MHC, following the Restructuring the SHC will be authorized to undertake one or more Minority Stock Offerings.

  • After registration of the Common Stock and receipt of all required regulatory approvals, the Company will be authorized to undertake one or more Minority Stock Offerings of less than 50% in the aggregate of the total outstanding Common Stock to the Holders of Subscription Rights in the respective priorities set forth in Section 3.04; provided, however, that no offer for sale of the Common Stock shall be made prior to the mailing to Voting Depositors of the Proxy Statement for the Special Meeting.

  • The Company will be authorized to undertake one or more Minority Stock Offerings of up to 49% in the aggregate of the total outstanding Common Stock of the Company, and the Company intends to offer for sale up to 49% of its Common Stock in the Stock Offering.

  • The Company will be authorized to undertake one or more Minority Stock Offerings of less than 50% in the aggregate of the total outstanding Common Stock of the Company, and the Company intends to offer for sale up to 49.9% of its Common Stock in the Stock Offering.