Examples of Minimum Tender Condition in a sentence
Purchaser shall not purchase the Shares pursuant to the Offer unless Purchaser purchases pursuant to the Offer that number of shares of Common Stock such that the Minimum Tender Condition (as defined in the Merger Agreement) is satisfied.
In a published release, the SEC has stated that in its view an offer must remain open for a minimum period of time following a material change in the terms of such offer and that the waiver of a condition such as the Minimum Tender Condition is a material change in the terms of an offer.
The Offer Conditions are for the sole benefit of Parent and Sub, and Parent and Sub may waive, in whole or in part, any Offer Condition at any time and from time to time, in their sole discretion, other than the Minimum Tender Condition, which may be waived by Parent and Sub only with the prior written consent of the Company.
The Offer is subject to the satisfaction of the Minimum Tender Condition (as defined in the Offer to Purchase) and the other conditions described in the Offer to Purchase.
Fourth, if a higher bid emerged, the Company’s stockholders presumably would not tender their shares and the Board would not waive the provision restricting 3M’s ability to waive the Minimum Tender Condition.