Alcoa Offer definition

Alcoa Offer means the offer commenced by Alcoa on May 8, 2007, to purchase all of the outstanding Alcan Common Shares;
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Alcoa Offer means the offer commenced by Alcoa on 8 May 2007, to purchase all of the outstanding Alcan Common Shares; the Alcoa Offer has since been withdrawn;
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Examples of Alcoa Offer in a sentence

  • The Alcoa Offer is currently scheduled to expire on July 10, 2007, although Alcoa has acknowledged that the process for obtaining regulatory clearances could be lengthy and has stated publicly that it is targeting the end of 2007 for the completion of the Alcoa Offer.

  • The value of the consideration to be received by Shareholders under the Alcoa Offer will depend on the value of the Alcoa Shares at the time the Alcan Common Shares are taken up under the Alcoa Offer.

  • A very important factor here will be the ultimate outcome and consequences of the relevant regulatory clearance processes in relation to the Alcoa Offer, especially given their inherent uncertainty and the potential for divestitures or conditions.

  • Taken together, this list of conditions provides Alcoa with a broad range of grounds upon which it may decline to proceed with the Alcoa Offer, with the result that the tendering of Alcan Common Shares to the Alcoa Offer would, under certain circumstances, constitute little more than the grant of an option to Alcoa to acquire Alcan Common Shares.

  • Significant Conditionality of the Alcoa Offer The Board has reviewed, with the assistance of its financial and legal advisors, the conditions that Alcoa has placed in the Alcoa Offer.

  • The Board believes that the Alcoa Offer fails to compensate Alcan Shareholders for the value of Alcan’s extremely attractive asset base, technology, strategic capabilities and growth prospects, particularly at a time when favourable aluminum market fundamentals are expected to persist for the foreseeable future.

  • In addition, the cash component of the Alcoa Offer is denominated in U.S. dollars.

  • Under the terms of the Alcoa Offer, Shareholders will receive 0.4108 of an Alcoa Share per Alcan Common Share in addition to the cash consideration.

  • The Alcoa Offer does not contain an irrevocable and unqualified provision that no Alcan Common Shares will be taken up or paid for pursuant to the takeover bid earlier than 60 calendar days following the date of the takeover bid and the Alcoa Offer is therefore not a “Permitted Bid” under the Rights Plan.

  • It must be noted that the Board need not and cannot be reasonably expected to consider any Alcoa submissions in relation to the Continuity Agreement, including the one received and publicized on May 17, 2007, until the particularly significant uncertainties and conditions to the Alcoa Offer have been resolved.

Related to Alcoa Offer

  • Offer means “proposals” in negotiation.

  • Bona Fide Offer means an actual or genuine offer which includes a specific wage or a training opportunity at a specified place when used to determine whether the parent has refused an offer of training or employment.

  • Offer to Purchase means an offer to purchase Notes by the Company from the Holders commenced by mailing a notice to the Trustee and each Holder stating:

  • Qualifying Offer shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Initial Offer means the initial offer of Participating Shares in a Fund as set out in the applicable Supplement;

  • Sell Offer means an offer to sell Capacity Resources in a Base Residual Auction, Incremental Auction, or Reliability Backstop Auction.

  • Offer Shares shall have the meaning ascribed to it in Section 2.4.1.

  • Final Offer means the offer on which a resource was dispatched by the Office of the Interconnection for a particular clock hour for the Operating Day. Final RTO Unforced Capacity Obligation:

  • Third Party Offer has the meaning set out in Section 6.4;

  • Firm Offer means an offer which, when made, was capable of becoming legally binding upon acceptance.

  • Competing Offer means a Tender Offer for Units which (i) is Commenced prior to the expiration of the Offer by a Person that is not an Affiliate (or in the case of Waltxx Xxxeet, as to its Associates only) of any Partner and (ii) has a cash purchase price per Unit that is at least 2% (10% with respect to the first Competing Offer made following the Offer by the Partnership)

  • pre-emptive offer means an offer of equity securities open for acceptance for a period fixed by the Directors to holders (other than the Company) on the register on a record date fixed by the Directors of ordinary shares in proportion to their respective holdings but subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to treasury shares, fractional entitlements, record dates or legal, regulatory or practical problems in, or under the laws of, any territory;

  • Purchase Offer shall have the meaning assigned to such term in Section 2.25(a).

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Offer Form means the Offer Form set out in Part 3 of this Tender Document;

  • Net Proceeds Offer has the meaning provided in Section 4.16.

  • Asset Sale Offer shall have the meaning specified in Section 4.14.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Proposed Sale has the meaning set forth in Section 2.4(a).

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Repurchase Offer shall have the meaning specified in Section 11.1(b).

  • Offer Notice shall have the meaning set forth in Section 4.1.

  • Change of Control Offer has the meaning provided in Section 4.15.

  • Qualifying Offering means a private offering of *****’s equity securities (or securities convertible into or exercisable for *****’s equity securities) for cash (or in satisfaction of debt issued for cash) having its final closing on or after the date of this Agreement and which includes investment by one or more venture capital, professional angel, corporate or other similar institutional investors other than Stanford. For the avoidance of doubt, if ***** is a limited liability company, then “equity securities” means limited liability company interests in *****.

  • Active Offer means the clear and proactive offer of service in French to individuals, from the first point of contact, without placing the responsibility of requesting services in French on the individual;

  • Tender Offer means a takeover offer, tender offer, exchange offer, solicitation, proposal or other event by any entity or person that results in such entity or person purchasing, or otherwise obtaining or having the right to obtain, by conversion or other means, greater than 10 per cent. and less than 100 per cent. of the outstanding voting shares of the Share Company, as determined by the Determination Agent, based upon the making of filings with governmental or self-regulatory agencies or such other information as the Determination Agent deems relevant.