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.
In this Offer Document, unless expressly stated otherwise, all references to a " Stock Exchange Trading Day" refer to a day on which both the Frankfurt Stock Exchange and the New York Stock Exchange (the "NYSE") are open for trading.
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.
If not all Offer Conditions are fulfilled by the end of the Acceptance Period, stock exchange trading will be discontinued on the third Stock Exchange Trading Day after the Condition Record Date.