Quest Takeover Proposal definition
Quest Takeover Proposal means any inquiry, proposal or offer from any person relating to, or that could reasonably be expected to lead to, directly or indirectly, (i) any acquisition or purchase, whether by purchase, exchange, merger, consolidation, business combination or similar transaction, in one transaction or a series of transactions, of assets or businesses that constitute 20% or more of the revenues, net income or the assets of Quest and its Subsidiaries on a consolidated basis (excluding the initial public offering of common units by the MLP pursuant to the MLP Registration Statement and the transactions contemplated thereby), or 20% or more of any class of equity securities of Quest, (ii) any tender offer or exchange offer that if consummated would result in any person beneficially owning 20% or more of any class of equity securities of Quest, or (iii) any merger, consolidation, business combination, recapitalization, liquidation, dissolution, joint venture, binding share exchange or similar transaction involving Quest pursuant to which any person or the stockholders of any person would own 20% or more of any class of equity securities of Quest or of any resulting parent company of Quest, other than the transactions contemplated by this Agreement.
Examples of Quest Takeover Proposal in a sentence
Quest shall, and shall cause its Subsidiaries to, immediately cease and cause to be terminated all existing discussions or negotiations with any person conducted heretofore with respect to any Quest Takeover Proposal and request the prompt return or destruction of all confidential information previously furnished.