MMUS definition
Examples of MMUS in a sentence
The due diligence investigation will include, but is not limited to, a complete review of the financial, legal, tax, environmental, intellectual property and labor records and agreements of MMUS, and any other matters as LaunchEquity’s accountants, tax and legal counsel, and other advisors, deem relevant.
Therefore, while we stand ready and able to buy MMUS, we encourage you to hold an open and friendly “go-shop” sale process where prospective buyers are offered due diligence and invited to bid while providing us with a contractual last look right.
Our offer is conditioned upon, among other things, MMUS adopting a plan of liquidation simultaneously with shareholder approval of the sale of Assets, which we believe should enable MMUS to distribute approximately $4.30 per share to shareholders.
July 15, 2012 We would expect that during the period from the date of this letter through the execution of the Definitive Agreement, MMUS will (a) conduct its business in the ordinary course in a manner consistent with past practice, (b) maintain its properties and other assets in good working condition (normal wear and tear excepted) and (c) use its best efforts to maintain its business and employees, customers, assets and operations as an ongoing concern in accordance with past practice.
We would explore with MMUS ways to maximize the cash that would be distributed in such liquidation.
We would consider as part of the Definitive Agreement an agreement to vote our shares in favor of a proposal to acquire the stock or assets of MMUS that is in our view clearly superior to our proposal and would expect an appropriate break-up fee.
As we stated above, we believe that MMUS requires significant intervention now for the following reasons: · significant leadership changes - MMUS has had four CEOs in the last four years and now has to recruit a fifth CEO.
Parent desires to cause the Sellers to sell to the Buyer and the Buyer desires to purchase from the Sellers, the Purchased Assets and assume from the Sellers the Assumed Liabilities, with Purchased Assets and Assumed Liabilities located in the United States allocated and sold to MMUS, and Purchased Assets and Assumed Liabilities located in the United Kingdom allocated and sold to MMUK, in each case, upon the terms and conditions set forth in this Agreement and the Ancillary Agreements.
In addition, pursuant to the terms of the settlement agreement between MMUS and LaunchEquity and the complexities of the Minnesota Share Control Act, LaunchEquity cannot in a simple way seek to increase its beneficial ownership to a majority level and exert more direct influence.
Including the cash retained by MMUS, our offer values the business at approximately $21.2 million.