Examples of Euronav in a sentence
None of Euronav, Gener8 or any of their respective subsidiaries is a party to the Proxies.
In addition, at the request (and expense) of Euronav, the Proxy Shareholders have agreed to grant to a representative of an affiliate of such Proxy Shareholders whereby, subject to the terms and conditions in the Proxies, such representative has the authority to direct the vote of Gener8 common shares owned by the Proxy Shareholders, representing in the aggregate approximately 6% of the issued and outstanding shares of Gener8, at the Special Meeting.
On May 11 and May 12, 2017, representatives of Gener8 and Company E met with representatives of Euronav to discuss a proposed business combination between Gener8 and Euronav and a concurrent equity investment by Company E.
Holders of Gener8 common shares will have a reduced ownership and voting interest in Euronav after the Merger and will exercise less influence over management.
Following this discussion, it was the sense of the Gener8 Transaction Committee that it was in the best interests of Gener8 for the Gener8 Transaction Committee to recommend to the board of directors that Gener8 enter into an exclusivity agreement with Euronav.
Assuming the satisfaction or waiver of all of the conditions in the Merger Agreement, Gener8 and Euronav expect to complete the Merger in the second quarter of 2018.
The board authorized the Gener8 Transaction Committee to consider, evaluate, negotiate and make recommendations to the Gener8 board of directors regarding potential financing transactions and/or strategic transactions, including with Euronav, Company A and Company E, and consider, evaluate and make recommendations to the Gener8 board of directors regarding the commercial terms, management arrangements, terms of any financing and other matters relating to the foregoing transactions.
Any delay in completing the Merger may significantly reduce the benefits that Euronav and Gener8 expect to achieve if they successfully complete the Merger within the expected timeframe and integrate their respective businesses.
Over the next three weeks, representatives of each of Seward & Kissel, Shearman & Sterling and Kramer Levin, together with representatives of each of Euronav, the Gener8 Transaction Committee, UBS and RMK, engaged in extensive discussions and negotiations concerning, and exchanged numerous drafts of, the proposed Merger Agreement.
Termination of the Merger Agreement (page 101) The Merger Agreement provides for certain termination rights for Euronav and Gener8 (even after the receipt of the Gener8 Shareholder Approval).