Examples of Control share acquisition in a sentence
Control share acquisition statutes function by denying shares their voting rights when they contribute to ownership in excess of certain thresholds.
Control share acquisition statutes prevent shareholders that acquire more than a certain percentage of a target company’s stock from voting those shares unless the other disinterested shareholders approve.
Shares cease tobe control shares upon their transfer to a person who is not an affiliate of the transferor or an affiliate or member of a group with which the applicable control share acquisition was made, except to the extent the shares become control shares as a result of their acquisition by the transferee.Amended by Chapter 106, 2000 General Session 61-6-3 Control share acquisition" defined.
Control share acquisition statutes appear in the corporation codes of about 27 states.
Therefore, neither poison pill nor blank check preferred stock should be in the Index.In addition, the G Index includes each of the following takeover defenses, which can appear either in firm’s charter or in the law of the state in which the firm is incorporated: Business combination statute Fair price statute or charter provision Control share acquisition statute Cash-out statute Since the advent of the poison pill, none of these four elements has an impact on a firm’s exposure to a hostile takeover.