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14-06-2013, 10:01 AM
I always come across this clause when there is a convertible warrant issue , convertible preference unit and etc.
This is a waiver to the majority shareholder who will cross the 30% trigger point when they exercise their conversion.
The crux is after crossing the 30% trigger point, can they buy shares from the open market without having to give a general offer to the minority shareholders ?
Hope some buddies here can help to enlighten, many thanks.
This is a waiver to the majority shareholder who will cross the 30% trigger point when they exercise their conversion.
The crux is after crossing the 30% trigger point, can they buy shares from the open market without having to give a general offer to the minority shareholders ?
Hope some buddies here can help to enlighten, many thanks.
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I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.