Second Step Transaction. If Barrick acquires 66.67% or more of the issued and outstanding Placer Shares (on a fully-diluted basis) pursuant to the Bid, following completion of the Bid, Barrick will use its commercially reasonable best efforts to complete the Second Step Transaction as expeditiously as possible. The terms and conditions and the form of such Second Step Transaction will be solely at the discretion of Barrick.
Appears in 2 contracts
Sources: Bid Support and Purchase Agreement (Goldcorp Inc), Bid Support and Purchase Agreement (Barrick Gold Corp)