Examples of Stone Key in a sentence
The Board of Directors of the Company has received the opinion of Stone Key to the effect that, as of the date of such opinion and based upon and subject to the matters set forth in such opinion, the consideration to be received by the holders of Shares (other than Parent, Merger Sub and their respective affiliates) pursuant to the Offer and the Merger, taken together, is fair, from a financial point of view, to such holders.
No investment banker, broker, finder, consultant or intermediary other than Stone Key Partners LLC and the Stone Key Securities Division of Xxxxxx Partners Securities LLC (together, “Stone Key”), the fees and expenses of which will be paid by the Company, is entitled to any investment banking, brokerage, finder’s or similar fee or commission in connection with this Agreement or the transactions contemplated hereby based upon arrangements made by or on behalf of the Company or any of its Subsidiaries.
The Solicitation Statement does not disclose whether, at or in advance of the meeting, Stone Key was provided with any projections or forecasts by management pertaining to the Company, as well as whether those figures were utilized by Stone Key in their review and presentation to the Board.
Id. On August 8, 2010, Stone Key stated to FLIR that ICx was prepared to sign a definitive merger agreement by August 16, 2010, subject to a final agreement on terms.
But on August 2, 2010, two days before the Other Bidder dropped out, Stone Key told FLIR representatives that “the Company desired to move forward with a negotiation of the draft merger and [Wexford’s] tender and support agreements.” The Solicitation Statement, however, does not indicate who at the Company made this determination.
Shortly thereafter, the Board retained Stone Key and began a supposed auction12 process.
Id. But the Board had apparently not met or collectively instructed Stone Key to do anything since March.
You understand and acknowledge that none of the Company, Stone Key nor any of their respective Representatives is making any representation or warranty, express or implied, as to the accuracy or completeness of the Evaluation Material or any other information provided to you by or on behalf of the Company.
Id. There is no indication who, “at the Company,” instructed Stone Key regarding these specific alternate proposals.
On October 20, 2009, according to the Solicitation Statement, the Board met with and formally retained Stone Key as its financial advisor in evaluating strategic alternatives.