Examples of DRAXIS Shareholders in a sentence
As of the date hereof, the DRAXIS Board, after consultation with its financial and legal advisors, has determined unanimously that the Plan of Arrangement is fair to the DRAXIS Shareholders and is in the best interests of DRAXIS and has resolved unanimously to recommend to the DRAXIS Shareholders that they vote in favour of the Arrangement Resolution.
Other than the DRAXIS Options, there are no securities of DRAXIS or of any of its subsidiaries outstanding which have the right to vote generally (or are convertible into or exchangeable for securities having the right to vote generally) with the DRAXIS Shareholders on any matter.
Subject to Section 7.2, the DRAXIS Circular will include the recommendation of the DRAXIS Board that DRAXIS Shareholders vote in favour of the Arrangement Resolution, and a statement that each director of DRAXIS intends to deposit his/her DRAXIS Shares (including DRAXIS Shares underlying DRAXIS Options held immediately prior to the Effective Time) under the Plan of Arrangement and to vote in favour of the Arrangement Resolution, subject to the other terms of this Agreement.
The Special Committee and the DRAXIS Board have received the opinion of Banc of America Securities Canada Co., the Special Committees financial advisor, to the effect that, as of the date of such opinion and based on and subject to the assumptions and limitations described in such opinion, the Consideration to be received pursuant to the Plan of Arrangement by the DRAXIS Shareholders is fair from a financial point of view to such DRAXIS Shareholders.
The Purchaser and its legal counsel shall be given a reasonable opportunity to review and comment on the DRAXIS Circular, prior to the DRAXIS Circular being printed, mailed to DRAXIS Shareholders and filed with the Securities Authorities, and reasonable consideration shall be given to any comments made by the Purchaser and its counsel, provided that all information relating solely to the Purchaser included in the DRAXIS Circular shall be in form and content satisfactory to the Purchaser, acting reasonably.
The Special Committee and the DRAXIS Board have received the opinion of Banc of America Securities Canada Co., the Special Committee’s financial advisor, to the effect that, as of the date of such opinion and based on and subject to the assumptions and limitations described in such opinion, the Consideration to be received pursuant to the Plan of Arrangement by the DRAXIS Shareholders is fair from a financial point of view to such DRAXIS Shareholders.
DRAXIS shall provide the Purchaser with a final copy of the DRAXIS Circular prior to the mailing to the DRAXIS Shareholders.