IPIX TAKEOVER PROPOSAL definition
IPIX TAKEOVER PROPOSAL means any inquiry, proposal or offer from any person relating to any IPIX Takeover Event, and "IPIX TAKEOVER EVENT" means any (w) direct or indirect acquisition or purchase of a business that constitutes 30% or more of the net revenues, net income or the assets of IPIX and its subsidiaries, taken as a whole, (x) direct or indirect acquisition or purchase of 30% or more of any class of equity securities of IPIX or any of its subsidiaries whose business constitutes 30% or more of the net revenues, net income or assets of IPIX and its subsidiaries, taken as a whole, (y) tender offer or exchange offer that if consummated would result in any person beneficially owning 30% or more of any class of equity securities of IPIX or any of its subsidiaries whose business constitutes 30% or more of the net revenues, net income or assets of IPIX and its subsidiaries, taken as a whole, or (z) merger, consolidation, business combination, recapitalization, liquidation, dissolution or similar transaction involving IPIX or
IPIX TAKEOVER PROPOSAL means any inquiry, proposal or offer from any person relating to any IPIX Takeover Event, and "IPIX Takeover Event" means any (w) direct or indirect acquisition or purchase of a business that constitutes 30% or more of the net revenues, net income or the assets of IPIX and its subsidiaries, taken as a whole, (x) direct or indirect acquisition or purchase of