Examples of Pioneer common stock in a sentence
Pioneer began discussions internally to consider a transaction involving the partnerships, including the basis for valuing the partnerships and whether the consideration should be Pioneer common stock, cash, or some combination of both.
Under the Merger Agreement, the Reporting Partnerships and the Nonreporting Partnerships will be merged with and into Pioneer USA and the partners of each Reporting Partnership and Nonreporting Partnership will be entitled to receive an amount of Pioneer common stock and cash based on the merger value of the Reporting Partnership or Nonreporting Partnership, as applicable.
Applying an acquisition premium of 40 percent to the range of $23.00-$29.00 produced by the comparable public companies analysis valuation of Pioneer described above, the acquisition premium analysis resulted in values ranging from $32.25 to $40.50 per share of Pioneer common stock.
In lieu of receiving any fractional share of Pioneer common stock to which any Pioneer Southwest unitholder would otherwise have been entitled, after aggregating all fractions of shares to which such unitholder would be entitled, any fractional share will be rounded up to a whole share of Pioneer common stock.
DuPont has agreed to vote all of its shares of Pioneer common stock in favor of the merger.
If the number of shares held by both the (a) non-electing Pioneer shareholders and (b) dissenting Pioneer shareholders exceeds 45 percent of the total number of outstanding shares of Pioneer common stock, then: - the non-electing shareholders will receive cash for a prorated amount of their shares of Pioneer common stock and DuPont stock for the remainder of their shares of Pioneer common stock; and - the dissenting Pioneer shareholders will receive cash for all shares of Pioneer common stock held by them.
The Pioneer shareholders may elect to receive shares of DuPont common stock in exchange for their shares of Pioneer common stock.
This comparable transactions analysis resulted in values ranging from $36.50 to $51.75 per share of Pioneer common stock.
STOCK OPTIONS Outstanding options to buy shares of Pioneer common stock granted under Pioneer's employee stock option plan will fully vest on completion of the merger.
The pro forma equivalent data is based on an assumed exchange ratio of .57142857 share of DuPont common stock for 1 share of Pioneer common stock times the unaudited pro forma combined per common share data.