Rights Plan definition
Examples of Rights Plan in a sentence
Capitalized terms shall have the meaning ascribed thereto in the Shareholder Rights Plan Agreement.
This Rights Certificate and the Rights represented hereby are void or shall become void in the circumstances specified in Subsection 3.1(b) of the Shareholder Rights Plan Agreement.
The Rights Plan extends the minimum expiry period for a takeover bid to 60 days and requires a bid to remain open for an additional 10 business days after an offeror publicly announces it has received tenders for more than 50% of the Company’s voting shares.
The Contractor will be monitored by the Commission for compliance with provisions of its Civil Rights Plan.
The Rights Plan is intended to provide all shareholders of the Company with adequate time to consider value enhancing alternatives to a take-over bid and to provide adequate time to properly assess a take-over bid without undue pressure.