SAB Position definition
SAB Position refers to certain "short against the box" positions held by ------------ Cody Company prior to Closing with respect to shares of BHP Ltd., which positions will be terminated before Closing.
Examples of SAB Position in a sentence
Notwithstanding the previous sentence, 100 percent of any Tax liability related to the formation of Resources Management, the Asset Contribution, the Redemption Transaction or the termination of the SAB Position is to be paid by Cody Company and borne by the Shareholders through inclusion in the Reserved Amount.