Preferred Stock Purchase Rights definition
Examples of Preferred Stock Purchase Rights in a sentence
Except for the Preferred Stock Purchase Rights Agreement (“Rights Agreement”) under which shareholder are entitled to preferred stock purchase rights (the “Company Rights”) issuable pursuant to the Rights Agreement, the Company does not have any stockholder or shareholder rights agreement or any similar type of anti-takeover protections or defenses.
Parent has delivered to the Company a complete and correct copy of the Rights Agreement, dated as of July 29, 1989, as amended and supplemented as of the date hereof (the "Parent Rights Agreement") relating to the Series A Junior Preferred Stock Purchase Rights issued thereunder.
Mercantile has designated 2,000,000 shares of Mercantile Preferred Stock as "Series A Junior Participating Preferred Stock" and has reserved such shares for issuance upon exercise of Preferred Stock Purchase Rights ("Rights") under a Rights Agreement dated May 23, 1988 (the "Mercantile Rights Agreement"), between Mercantile and Mercantile Bank of St. Louis National Association, as Rights Agent.
None of the events described in Sections 3, 7, or 11 of the Magna Rights Agreement shall have occurred, and the Preferred Stock Purchase Rights shall not have become non-redeemable or exercisable for capital stock of UPC upon consummation of the Merger.
No. - ), including the Preliminary Prospectus, covering the registration of the Exchange Securities and the shares of common stock, $0.01 par value per share, of the Company (the “Common Stock”), and associated Series A Junior Preferred Stock Purchase Rights, issuable upon conversion of the Exchange Securities (the “Conversion Shares”).