Examples of Topco in a sentence
Immediately following consummation of the Combinations, it is expected that former Ortho shareholders will own approximately 38% of Topco and former Quidel stockholders will own approximately 62% of Topco, on a fully diluted basis, based on the respective capitalizations of Ortho and Quidel as of the date the parties entered into the BCA.
The BCA provides that, at the Ortho Effective Time, each Ortho Share, other than Ortho Shares held by Xxxxx in treasury, will be acquired by a nominee (or, if such nominee holds the Ortho Shares today, transferred within the nominee) on behalf and for the benefit of Topco in exchange for 0.1055 Topco Shares and $7.14 in cash.
Additionally, changes proposed by the current U.S. administration, including significant tax reform, could significantly change the U.S. federal income tax rules and regulations applicable to Topco and its affiliates, although the prospect of tax reform, and the nature of any such reform, remains highly uncertain.
Represents the exchange of limited liability company units ("LLC Units") of AIDH Topco, LLC ("Definitive OpCo"), a subsidiary of the Issuer, together with the cancellation of an equal number of the Issuer's Class B Common Stock for shares of the Issuer's Class A Common Stock on a one-for-one basis.
Topco will conduct its business and prepare its consolidated financial statements in its functional currency, while the financial statements of each of its subsidiaries will be prepared in the functional currency of that entity and the business of that entity will be conducted in the functional currency of that entity.