Examples of Subsequent Transaction in a sentence
These statements were false and misleading because they omitted to disclose that the Buyer Group was planning to engage in a Subsequent Transaction, including relisting the Company on a stock exchange in Asia, and was not intending to keep the Company as a privately held company as their statements indicated.
Thus, by July 1, 2016, E-House was affirming and repeating that at that time they believed the Merger was fair, that there were no plans for a Subsequent Transaction, and that the projections were management’s “best” estimations.
The undisclosed plans for a Subsequent Transaction involved an ultimate plan to relist E-House on an exchange in Asia, as well as a plan to conduct a substantial restructuring transaction promptly after closing the Merger.
This again corroborates the materiality of the Undisclosed Projections—which Defendants had an affirmative obligation to disclose—and firmly demonstrates the falsity of E-House’s representation that it was not planning a Subsequent Transaction.
E-House, HoldCo, the Consortium Defendants, and Defendant Chao possessed material nonpublic information about E-House, including information about the Undisclosed Projections, the planned Subsequent Transaction, and the unfairness of the Merger (“MNPI”).