Template:M summ Equity Derivatives 12.1(b): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "In summary, this breaks down into: *'''Transfer''': an irrevocable commitment to transfer all the {{eqderivprov|Shares}} to another entity; *'''Merger''': merger or binding sh..." |
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Where the {{eqderivprov|Merger Date}} is before the final settlement date. | Where the {{eqderivprov|Merger Date}} is before the final settlement date. | ||
Note that, by contrast, the | Note that, by contrast, the “{{eqderivprov|Tender Offer}}” {{eqderivprov|Extraordinary Event}} is triggered by greater than 10% but less than 100% of the outstanding voting shares of the {{eqderivprov|Issuer}}. So the two do not in fact overlap. | ||
Latest revision as of 19:49, 3 August 2023
In summary, this breaks down into:
- Transfer: an irrevocable commitment to transfer all the Shares to another entity;
- Merger: merger or binding share exchange of the Issuer with or into another entity where the other entity survives;
- 100% Takeover offer: takeover or tender offer for 100% of outstanding Shares by any entity;
- Reverse Merger: merger binding share exchange of the Issuer with or into another entity where the Issuer survives but represents less than 50% of the resulting entity;
Where the Merger Date is before the final settlement date.
Note that, by contrast, the “Tender Offer” Extraordinary Event is triggered by greater than 10% but less than 100% of the outstanding voting shares of the Issuer. So the two do not in fact overlap.