Increased Offer definition

Increased Offer has the meaning given in Clause 7.5.1; "Increased Offer Deadline" has the meaning given in Clause 7.5.2; "Increased Offer Price" has the meaning given in Clause 7.5.2;
Sample 1
Increased Offer means any increased or revised Offer which, in the opinion of Panmure Xxxxxx & Co. (acting reasonably), is more favourable to shareholders of Universal as a whole than a Competing Offer;
Sample 1
Increased Offer means the offer by Fnac to acquire the entire issued and to be issued share capital of Darty, as set out in the Increased Offer Announcement;
Sample 1Sample 2

Examples of Increased Offer in a sentence

  • The helpline cannot provide advice on the merits of the Final Increased Offer nor give any financial, legal or tax advice.

  • The Fortress Increased Offer Announcement included a unanimous recommendation from the Morrisons Directors to the Morrisons Shareholders to vote in favour of the Fortress Increased Offer at the Fortress Shareholder Meetings.

  • Accordingly, the Morrisons Board has decided unanimously to withdraw their recommendation for the Fortress Increased Offer and intend to recommend unanimously the CD&R Offer to Morrisons Shareholders.

  • In the light of their intended recommendation of the CD&R Offer from Bidco, the Morrisons Directors have decided unanimously to withdraw their recommendation of the Fortress Increased Offer and, accordingly, will be adjourning the Fortress Shareholder Meetings until around the expected date for the Court Meeting and General Meeting at which Morrisons Shareholders will be asked to approve the CD&R Offer, expected to be a date in or around the week commencing 4 October 2021.

  • On 6 August 2021, Morrisons and Fortress Bidco announced that they had reached agreement on the terms of an increased cash offer (the "Fortress Increased Offer Announcement").

  • The Morrisons Board, together with its financial adviser Rothschild & Co, has carefully considered and evaluated the financial terms of the CD&R Offer and concluded that the CD&R Offer represents a superior offer for Morrisons shareholders as compared with the Fortress Increased Offer.

  • The full terms of, and condition to, the Increased Offer and the procedure for acceptance were set out in the offer document issued by MAL on 19 February 2013 (the “Increased Offer Document”).

  • The Increased Offer is conditional upon valid acceptances being received by CFE in respect of such number of CIP Shares which, together with CIP Shares acquired, or agreed to be acquired, by CFE (whether pursuant to the Offer or otherwise) would result in CFE holding more than 50 per cent.

  • On 6 June 2013, the Irish Takeover Panel ruled that Royalty Pharma will be required to lapse the Further Increased Offer in the event that either the ELND005 Transaction and / or the Share Repurchase Program are approved at the Elan EGM.

  • In considering the financial terms of the CD&R Offer and determining whether they reflect an appropriate valuation of Morrisons and its future prospects, the Morrisons Directors took into account a number of factors including that: • the CD&R Offer represents a 13 pence per share (4.8 per cent.) premium to the Fortress Increased Offer; • the CD&R Offer Value represents a premium of approximately 60 per cent.


More Definitions of Increased Offer

Increased Offer means the increased cash proposal by which MTW County will acquire the entire issued share capital of Enodis, as described in this announcement;
Sample 1
Increased Offer means the offer for all the Shares of Target to be filed by the Company on the Increased Offer Announcement Date and pursuant to which the consideration offered to the holders of the Shares of Target will be higher than the consideration previously offered to such holders for all the Shares of Target pursuant the Original Offer filed on the Announcement Date.
Sample 1
Increased Offer means the offer as described in this Announcement and to be made by Fnac by way of a takeover offer as defined in Chapter 3 of Part 28 of the Act to acquire the entire issued and to be issued share capital of Darty on the terms and subject to the conditions to be set out in the Offer Document and the accompanying Increased Offer Form of Acceptance (and, where the context admits, any subsequent revision, variation, extension or renewal of such offer, including any election or alternative available in connection with it);
Sample 1
Increased Offer means the Original Offer, as revised on the date hereof, made by Royalty Pharma on the terms and subject to the conditions set out in this document and the Revised Acceptance Documents (including, where the context so requires, any subsequent revision, variation, extension or renewal of such offer);
Sample 1

Related to Increased Offer

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Permitted Offer An Offer (i) pursuant to the terms of which the offeror offers to acquire a debt obligation (including a Collateral Obligation) in exchange for consideration consisting solely of Cash in an amount equal to or greater than the full face amount of such debt obligation plus any accrued and unpaid interest and (ii) as to which the Collateral Manager has determined in its reasonable commercial judgment that the offeror has sufficient access to financing to consummate the Offer.

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

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Market/Offer Price means the highest of (i) the price per share of Common Stock at which a tender or exchange offer therefor has been made, (ii) the price per share of Common Stock to be paid by any third party pursuant to an agreement with Issuer, (iii) the highest closing price for shares of Common Stock within the six-month period immediately preceding the date the Holder gives notice of the required repurchase of this Option or the Owner gives notice of the required repurchase of Option Shares, as the case may be, or (iv) in the event of a sale of all or any substantial part of Issuer's assets or deposits, the sum of the net price paid in such sale for such assets or deposits and the current market value of the remaining net assets of Issuer as determined by a nationally recognized investment banking firm selected by the Holder or the Owner, as the case may be, and reasonably acceptable to Issuer, divided by the number of shares of Common Stock of Issuer outstanding at the time of such sale. In determining the market/offer price, the value of consideration other than cash shall be determined by a nationally recognized investment banking firm selected by the Holder or Owner, as the case may be, and reasonably acceptable to Issuer.

  • Credit-Limited Offer means a Sell Offer that is submitted by a Market Participant in an RPM Auction subject to a maximum credit requirement specified by such Market Participant.

  • Dilutive Issuance Notice shall have the meaning set forth in Section 5(b).

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

  • Extension Offer has the meaning specified in Section 2.15(a).

  • Increase Notice is defined in Section 2.19.

  • Dilutive Issuance shall have the meaning set forth in Section 5(b).

  • Initial Offering Period means the initial period during which a Series of the Trust will offer its Shares prior to the commencement of investment operations of such Series;

  • Increment Offer means a type of Virtual Transaction that is an offer to sell energy at a specified location in the Day-ahead Energy Market. A cleared Increment Offer results in scheduled generation at the specified location in the Day-ahead Energy Market.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • 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.

  • Increase Date has the meaning specified in Section 2.18(a).

  • Interest Rate Adjustment Event means the occurrence of any of the following:

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

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

  • Superior Offer Superior Offer" shall mean an unsolicited, bona fide written offer made by a third party to purchase more than 50% of the outstanding shares of Company Common Stock on terms that the board of directors of the Company determines, in its reasonable judgment, based upon the written advice of its financial advisor, to be more favorable to the Company's shareholders than the terms of the Merger; provided, however, that any such offer shall not be deemed to be a "Superior Offer" if any financing required to consummate the transaction contemplated by such offer is not committed and is not likely to be obtained by such third party on a timely basis.