Common use of Outstanding Common Stock Clause in Contracts

Outstanding Common Stock. Subject to the other provisions of this Section 2.7, each Common Share issued and outstanding immediately prior to the Effective Time (other than shares owned by Nationwide or Sub, shares held as treasury shares by Allied and Dissenting Shares (as defined in Section 2.9 below)) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive $48.25 per Common Share (or if a greater per Common Share price shall have been paid in the Offer, such greater price), net to the shareholder in cash, without interest thereon (the "Merger Consideration").

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nationwide Mutual Insurance Co)

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Outstanding Common Stock. Subject to the other provisions of this ------------------------ Section 2.7, each Common Share issued and outstanding immediately prior to the Effective Time (other than shares owned by Nationwide or Sub, shares held as treasury shares by Allied and Dissenting Shares (as defined in Section 2.9 below)) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive $48.25 30.00 per Common Share (or if a greater per Common Share price shall have been paid in the Offer, such greater price)Share, net to the shareholder in cash, without interest thereon (the "Merger Consideration").

Appears in 1 contract

Samples: Agreement and Plan of Merger (Allied Group Inc)

Outstanding Common Stock. Subject to the other provisions of this ------------------------ Section 2.7, each Common Share issued and outstanding immediately prior to the Effective Time (other than shares owned by Nationwide or Sub, shares held as treasury shares by Allied and Dissenting Shares (as defined in Section 2.9 below)) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive $48.25 per Common Share (or if a greater per Common Share price shall have been paid in the Offer, such greater price), net to the shareholder in cash, without interest thereon (the "Merger Consideration").

Appears in 1 contract

Samples: Agreement and Plan of Merger (Allied Group Inc)

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Outstanding Common Stock. Subject to the other provisions of this Section 2.7, each Common Share issued and outstanding immediately prior to the Effective Time (other than shares owned by Nationwide or Sub, shares held as treasury shares by Allied and Dissenting Shares (as defined in Section 2.9 below)) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive $48.25 30.00 per Common Share (or if a greater per Common Share price shall have been paid in the Offer, such greater price)Share, net to the shareholder in cash, without interest thereon (the "Merger Consideration").

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nationwide Mutual Insurance Co)

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