Examples of Regions Common Stock in a sentence
Based on the foregoing it is our opinion that upon satisfaction of the conditions precedent to consummation of the Merger, or waiver of such conditions capable of being waived, and upon consummation of the Merger, the shares of Regions Common Stock issued pursuant to the Merger will be duly authorized, validly issued and outstanding, fully paid and non-assessable, with no personal liability attaching to the ownership thereof.
These cash payments will be treated as having been received as distributions in full payment in exchange for the Regions Common Stock redeemed, as provided in Section 302(a) of the Code.
Each share of Regions Common Stock issued and outstanding immediately prior to the Effective Time shall remain issued and outstanding from and after the Effective Time.
Regions shall not be required to maintain the effectiveness of the Registration Statement under the 1933 Act for the purposes of resale of Regions Common Stock by such affiliates.
The market value of one share of Regions Common Stock at the Effective Time or the date of exercise, as the case may be, shall be the last sale price of such common stock on the Nasdaq/NMS (as reported by The Wall Street Journal or, if not reported thereby, any other authoritative source) on the last trading day preceding the Effective Time, in the case of shares exchanged pursuant to the Merger, and the date of exercise, in the case of options.
The market value of one share of Regions Common Stock at the Effective Time shall be the closing price of such common stock on the Nasdaq NMS (as reported by The Wall Street Journal or, if not reported thereby, any other authoritative source selected by Regions) on the last trading day preceding the Effective Time.
The Regions Common Stock exchanged is reflected as being issued from treasury stock.
As soon as reasonably practicable after execution of this Agreement, Regions shall file the Registration Statement with the SEC, and shall use its reasonable efforts to cause the Registration Statement to become effective under the 1933 Act and take any action required to be taken under the applicable state Blue Sky or securities Laws in connection with the issuance of the shares of Regions Common Stock upon consummation of the Merger.
The tax basis of the Regions Common Stock received (including fractional shares deemed received and redeemed) by holders of Morgan Common Stock who exchange all of their Morgan Common Stock solely for Regions Common Stock in the Merger will be the same as the tax basis of the Morgan Common Stock surrendered in exchange for the Regions Common Stock.
The holding period of the Regions Common Stock received (including fractional shares deemed received and redeemed) by holders who exchange all of their Morgan Common Stock solely for Regions Common Stock in the Merger will be the same as the holding period of the Morgan Common Stock surrendered in exchange therefor, provided that such Morgan Common Stock is held as a capital asset at the Effective Time.