Examples of Acquiring Shareholder in a sentence
If the request is refused, the Acquiring Shareholder, within 30 days from communication of refusal, must sell all its shares that exceed the aforesaid limit.
If the request is accepted, the Acquiring Shareholder will carry out the tender offer within 60 days from approval, in the manner described in this Section.
Paragraph 2 – The Acquiring Shareholder will provide the Chief Executive Officer of the Corporation with a copy of all documents related to the request for a tender offer delivered to or by the Brazilian Federal Government.
Paragraph 3 – During the period from request for a tender offer until a positive or negative reply from the Brazilian Federal Government, the Acquiring Shareholder may not acquire or dispose of any shares or convertible securities of the Corporation.
Paragraph 7 - Any Acquiring Shareholder who acquire or becomes the holder of other rights, including usufruct or fideicomisso, over shares issued by the Company representing 20% (twenty per cent) or more of the Company’s shares, shall, within a 60 (sixty) days of the date of such acquisition or after the date of the event which lead to the such shareholding, also perform or request the registration, as the case may be, of an OPA, in accordance with the provisions set forth in this Article.