Examples of MGI Common Stock in a sentence
Chronimed and MGI understand and acknowledge that all of the shares of MGI Common Stock held by Chronimed will be distributed by Chronimed to the holders of outstanding shares of Chronimed Common Stock.
Immediately following the Distribution, Chronimed shall contribute to the capital of MGI all of the shares of MGI Common Stock owned by Chronimed which are distributed to Chronimed's shareholders.
It is anticipated that each Chronimed shareholder on the Record Date will receive one (1) share of MGI Common Stock for each three (3) shares of Chronimed held by such a shareholder.
In lieu thereof, each Chronimed shareholder having a fractional interest equal to or greater than one-half share of MGI Common Stock shall be entitled to receive one additional full share of the MGI Common Stock and each Chronimed shareholder having a fractional interest less than one-half share of MGI Common Stock shall be entitled to receive only the actual number of full shares of the MGI Common Stock which such shareholder is entitled to receive in accordance with the Distribution.
Chronimed and MGI shall prepare, and MGI shall file and pursue, an application to effect the listing of the MGI Common Stock on the Nasdaq National Market System under the symbol MDGN.
Chronimed acknowledges that no additional shares of MGI Common Stock will be issued or issuable in connection with or as a result of completing such contribution.
MGI hereby agrees to use its reasonable efforts to effect and maintain the listing of the MGI Common Stock on the Nasdaq National Market System.
Chronimed expects that of the 4,500,000 shares of MGI Common Stock which Chronimed currently owns or will own, approximately 4,100,000 shares will be distributed to Chronimed shareholders, and approximately 400,000 shares will be contributed to the capital of MGI.
RECEIPT OF UNITS IN EXCHANGE FOR MGI COMMON STOCK We understand that Sub was formed for the sole purpose of effectuating the Parent's acquisition of all of the outstanding MGI Common Stock and has conducted no activities other than those required for the Merger.
Each share of MGI Common Stock outstanding at the Effective Time (except for (x) any shares of MGI Common Stock then held in the treasury of MGI and (y) Dissenting Shares) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive 9.55555 LLC Units, as such number may be adjusted pursuant to Section 1.8 (as so adjusted, the "Per Share MGI Allocated LLC Units").