Takeover Bid Sample Clauses
A Takeover Bid clause defines the procedures and consequences that apply when a third party attempts to acquire control of a company, typically by offering to purchase a significant portion or all of its shares. This clause may outline notification requirements, the rights of existing shareholders, and any obligations the company or its board has in responding to such an offer. Its core function is to ensure transparency and protect the interests of shareholders and the company during potential changes in control, thereby providing a clear framework for handling takeover situations.
POPULAR SAMPLE Copied 1 times
Takeover Bid. From and after the date hereof, Sellers shall, subject to Buyer complying with its obligations under Paragraph 7.2, use best efforts to support the "Takeover Bid" (as defined below) including, without limitation, voting all Shares at any shareholders meeting of the company in favor of such transaction, if required, and causing the Board of Directors of the Company to recommend the Takeover Bid to the remaining shareholders of the Company.
Takeover Bid. Following the Closing, Buyer shall commence and conduct a "public takeover bid" (as defined and regulated under Belgian law) for all of the remainder of the Outstanding Shares (the "TAKEOVER BID"). The Takeover Bid shall be conducted in compliance with all applicable laws and regulations and with all advises and requests validly made by the Belgian COMMISSION BANCAIRE ET FINANCIERE in respect of the Takeover Bid.
Takeover Bid. Following the Closing, the Purchaser shall submit an unconditional mandatory public takeover bid on the remaining Shares that it or its Affiliates (including the Company) do not already own, in accordance with the provisions of Articles 49 and following of the Takeover Decree (the “Takeover Bid”), at the same price per Share as payable to the Sellers pursuant to this Agreement, i.e. USD 18.43 per Share, reduced on a dollar-for-dollar basis with the gross amount per Share of any distribution (in the form of capital, issue premium, dividend or otherwise) on the Shares by the Company with an ex-dividend (or similar) date prior to the settlement of the Takeover Bid (the “Bid Price”).
Takeover Bid. In the event of a “takeover bid” that is a “formal bid” (as such terms are defined in the Securities Laws in the Province of Ontario) for the Common Shares, the offeror of such bid shall make an offer (the “Preferred Share Offer”) to acquire the same percentage of outstanding Series I Non-Voting Convertible First Preferred Shares as the percentage of Common Shares for which the formal bid is being made, and such Preferred Share Offer shall be on the same terms and for the same amount and kind of per share consideration that is offered to the holders of Common Shares under the formal bid.
Takeover Bid