Examples of Target Stockholder in a sentence
The holding period of Acquirer Shares received in connection with the Acquisition by each Target Stockholder (including any fractional Acquirer Share to which the stockholder may be entitled) will include the holding period of the Target Shares surrendered in exchange therefor, provided that such Target Shares constitute capital assets in the hands of the stockholder as of the Closing Date.
Each Target Stockholder will recognize no gain or loss on such stockholder's receipt of Acquirer Shares (including any fractional Acquirer Share to which the stockholder may be entitled) in exchange for the stockholder's Target Shares in connection with the Acquisition.
The fair market value of the Acquirer Shares each Target Stockholder receives in connection with the Acquisition will be approximately equal to the fair market value of the Target Shares it surrenders in exchange therefor.
Upon completion of the Acquisition, each such former Target Stockholder will be the owner of full and fractional Acquirer Shares equal in net asset value as of the Closing Date to the net asset value of the Target Shares such Target Stockholder held prior to the Acquisition.
Target has full power and authority (including full corporate power and authority) to execute and deliver this Agreement and to perform its obligations hereunder; provided, however, that Target cannot consummate the Merger unless and until it receives the Requisite Target Stockholder Approval.