Common use of Buyout Transaction Clause in Contracts

Buyout Transaction. Any proposal by any member of the GE Group to acquire in a transaction or series of related transactions reasonably expected to result in the acquisition of all of the Company Common Stock held by Other Stockholders must be (i) subject to review, evaluation and prior written approval of the Conflicts Committee, and (ii) submitted for approval to the stockholders of the Company, with a non-waivable condition that a majority of the voting power of the outstanding shares of capital stock of the Company held by Other Stockholders approve the transaction (or equivalent tender offer condition).

Appears in 6 contracts

Samples: Stockholders Agreement, Stockholders Agreement (BAKER HUGHES a GE Co LLC), Stockholders Agreement (Baker Hughes a GE Co)

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