Examples of Stock Exchange Trading Day in a sentence
Instead of a fraction of a Parent Conversion Share which would otherwise be issuable upon conversion of any Security or Securities (or specified portions thereof), the Guarantor shall pay a cash adjustment in respect of such fraction of a Parent Share in an amount equal to the same fractional interest of the Closing Price of Parent Common Shares on the Stock Exchange Trading Day next preceding the day of conversion.
Instead of a fraction of a Conversion Share which would otherwise be issuable upon conversion of any Security or Securities (or specified portions thereof), the Issuer shall pay a cash adjustment in respect of such fraction of a share in an amount equal to the same fractional interest of the Closing Price of Common Shares on the Stock Exchange Trading Day next preceding the day of conversion.
Trading will presumably start as of the third Stock Exchange Trading Day after publication of the Offer Document.
The closing price of the Schering Share on March 8, 2006, the last Stock Exchange Trading Day before the emergence of initial takeover speculations, was EUR 62.04 (floor trading) or EUR 62.12 (XETRA® trading), while the Schering Shares closed at EUR 66.86 in XETRA® trading on March 10, 2006, the last Stock Exchange Trading Day preceding the announcement of Merck KGaA's intention to make an offer.
Effective after the close of the market on December 30, 2016, which was the last New York Stock Exchange Trading Day in 2016, MRO Stock became a frozen investment option, and no new investments into MRO Stock were permitted.