Examples of First Virginia Common Stock in a sentence
No gain or loss will be recognized by the shareholders of First Virginia upon the receipt of BB&T Common Stock (including any fractional share interest to which they may be entitled) solely in exchange for their shares of First Virginia Common Stock.
The holding period for BB&T Common Stock received by a First Virginia shareholder (including any fractional share interest deemed received) in exchange for shares of First Virginia Common Stock will include the period during which the shareholder held the shares of First Virginia Common Stock surrendered in the exchange, provided that the First Virginia Common Stock was held as a capital asset at the Effective Time.
The opinions stated with respect to shares of First Virginia Common Stock do not apply to any stock rights, warrants or options to acquire First Virginia Common Stock.
The tax basis in the BB&T Common Stock received by a First Virginia shareholder (including any fractional share interest deemed received) will be the same as the tax basis in the First Virginia Common Stock surrendered in exchange therefor.
Holders of First Virginia Common Stock do not have preemptive rights.
The Merger shall not become effective unless this Agreement and the Plan of Merger are duly approved by shareholders holding more than two-thirds of the shares of First Virginia Common Stock and Preferred Stock, voting together as a single group, and if approval of BB&T shareholders is sought, by shareholders holding at least a majority of the shares of BB&T Common Stock.
No gain or loss will be recognized by Premier on (a) the transfer of its assets in constructive exchange for First Virginia Common Stock or (b) the constructive distribution of First Virginia shares to the Premier stockholders.
BB&T shall use its reasonable best efforts to list, prior to the Effective Time, on the NYSE, subject to official notice of issuance, the shares of BB&T Common Stock to be issued to the holders of First Virginia Common Stock and Preferred Stock pursuant to the Merger, and BB&T shall give all notices and make all filings with the NYSE required in connection with the transactions contemplated herein.
As of the date of this Agreement, BB&T does not own (except in a fiduciary capacity) any shares of First Virginia Common Stock or First Virginia Preferred Stock.
The rights attached to shares of First Virginia Common Stock described in the definition of First Virginia Common Stock are not and will not become exercisable by holders thereof as a result of execution of this Agreement or consummation of the transactions contemplated herein.