Books > Old Books > Poetry Northwest (1959)


Page 266

CHAPTER 25
RECONSTRUCTION AND AMALGAMATION

PURCHASE BY ONE COMPANY OF SHARES IN ANOTHER
Sometimes a company obtains the business of another not by an amalgamation but by acquiring the shares in that company and keeping it in existence. In such cases, it is usual for the acquiring company (the transferee company) to make an offer to the shareholders in the other company (the transferor company) for their shares at a stated price, and to fix a time within which the offer is to be accepted, with a condition that if a named percentage of the shareholders do not accept the offer, the offer is to be void. If the required majority accept, the transferee company will then purchase their shares, and under s. 209 they are entitled, under conditions, to acquire the shares of the minority. To enable them to do this, the following conditions must be satisfied:
1. There must be a scheme or contract involving the transfer of shares in one company to another company.
2. The offer must within four months have been approved by the holders of nine-tenths in value of the shares affected.
3. Within two months after the expiration of the four months, notice must have been given in the prescribed form by the transferee company to the dissenting shareholder of its desire to acquire his shares.
4. Within a further month, the transferee company is entitled and bound to acquire the shares on the terms approved by the majority, unless the dissenting shareholder within that time applies to the Court, and the Court orders otherwise. (15)
If no application is made to the Court or, if made, it is unsuccessful, the transferee company pays the price of the shares to the transferor company and is then entitled to be registered as the holder of the shares. The price is then paid into the bank and held on trust for the owner.
To enable the transferee company, when it already holds more than one-tenth of the shares it is proposed to acquire, to acquire the remainder compulsorily

15 The Court will only prevent the company from acquiring the shares of dissentient holders on being satisfied that the scheme is unfair. It is not enough that the materials put before the shareholders were inadequate to enable them to form a Just conclusion of the proposal (Evertite Locknuts, Ltd., [1945] Ch. 220).

travel books:
where is HTML where is HEAD where is TITLE PURCHASE BY ONE COMPANY OF SHARES IN ANOTHER Sometimes a company obtains what is business of another not by an amalgamation but by acquiring what is shares in that company and keeping it in existence. In such cases, it is usual for what is acquiring company (the transferee company) to make an offer to what is shareholders in what is other company (the transferor company) for their shares at a stated price, and to fix a time within which what is offer is to be accepted, with a condition that if a named percentage of what is shareholders do not accept what is offer, what is offer is to be void. If what is required majority accept, what is transferee company will then purchase their shares, and under s. 209 they are entitled, under conditions, to acquire what is shares of what is minority. To enable them to do this, what is following conditions must be satisfied: 1. There must be a scheme or contract involving what is transfer of shares in one company to another company. 2. what is offer must within four months have been approved by what is holders of nine-tenths in value of what is shares affected. 3. Within two months after what is expiration of what is four months, notice must have been given in what is prescribed form by what is transferee company to what is dissenting shareholder of its desire to acquire his shares. 4. Within a further month, what is transferee company is entitled and bound to acquire what is shares on what is terms approved by what is majority, unless what is dissenting shareholder within that time applies to what is Court, and what is Court orders otherwise. (15) If no application is made to what is Court or, if made, it is unsuccessful, what is transferee company pays what is price of what is shares to what is transferor company and is then entitled to be registered as what is holder of what is shares. what is price is then paid into what is bank and held on trust for what is owner. To enable what is transferee company, when it already holds more than one-tenth of what is shares it is proposed to acquire, to acquire what is remainder compulsorily 15 what is Court will only prevent what is company from acquiring what is shares of dissentient holders on being satisfied that what is scheme is unfair. It is not enough that what is materials put before what is shareholders were inadequate to enable them to form a Just conclusion of what is proposal (Evertite Locknuts, Ltd., [1945] Ch. 220). where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 266 where is strong CHAPTER 25 RECONSTRUCTION AND AMALGAMATION where is p align="justify" PURCHASE BY ONE COMPANY OF SHARES IN ANOTHER Sometimes a company obtains what is business of another not by an amalgamation but by acquiring what is shares in that company and keeping it in existence. In such cases, it is usual for what is acquiring company (the transferee company) to make an offer to what is shareholders in what is other company (the transferor company) for their shares at a stated price, and to fix a time within which what is offer is to be accepted, with a condition that if a named percentage of what is shareholders do not accept what is offer, what is offer is to be void. If what is required majority accept, what is transferee company will then purchase their shares, and under s. 209 they are entitled, under conditions, to acquire what is shares of what is minority. To enable them to do this, what is following conditions must be satisfied: 1. There must be a scheme or contract involving what is transfer of shares in one company to another company. 2. what is offer must within four months have been approved by the holders of nine-tenths in value of what is shares affected. 3. Within two months after what is expiration of what is four months, notice must have been given in what is prescribed form by what is transferee company to what is dissenting shareholder of its desire to acquire his shares. 4. Within a further month, what is transferee company is entitled and bound to acquire what is shares on what is terms approved by what is majority, unless what is dissenting shareholder within that time applies to the Court, and what is Court orders otherwise. (15) If no application is made to what is Court or, if made, it is unsuccessful, what is transferee company pays what is price of what is shares to what is transferor company and is then entitled to be registered as what is holder of what is shares. what is price is then paid into what is bank and held on trust for what is owner. To enable what is transferee company, when it already holds more than one-tenth of what is shares it is proposed to acquire, to acquire the remainder compulsorily 15 what is Court will only prevent what is company from acquiring what is shares of dissentient holders on being satisfied that what is scheme is unfair. It is not enough that what is materials put before what is shareholders were inadequate to enable them to form a Just conclusion of the proposal (Evertite Locknuts, Ltd., [1945] Ch. 220). where is Server.Execute("_SiteMap.asp") %

Book Pages: _SiteMap , default , 001 , 002 , 003 , 004 , 005 , 006 , 007 , 008 , 009 , 010 , 011 , 012 , 013 , 014 , 015 , 016 , 017 , 018 , 019 , 020 , 021 , 022 , 023 , 024 , 025 , 026 , 027 , 028 , 029 , 030 , 031 , 032 , 033 , 034 , 035 , 036 , 037 , 038 , 039 , 040 , 041 , 042 , 043 , 044 , 045 , 046 , 047 , 048 , 049 , 050 , 051 , 052 , 053 , 054 , 055 , 056 , 057 , 058 , 059 , 060 , 061 , 062 , 063 , 064 , 065 , 066 , 067 , 068 , 069 , 070 , 071 , 072 , 073 , 074 , 075 , 076 , 077 , 078 , 079 , 080 , 081 , 082 , 083 , 084 , 085 , 086 , 087 , 088 , 089 , 090 , 091 , 092 , 093 , 094 , 095 , 096 , 097 , 098 , 099 , 100 , 101 , 102 , 103 , 104 , 105 , 106 , 107 , 108 , 109 , 110 , 111 , 112 , 113 , 114 , 115 , 116 , 117 , 118 , 119 , 120 , 121 , 122 , 123 , 124 , 125 , 126 , 127 , 128 , 129 , 130 , 131 , 132 , 133 , 134 , 135 , 136 , 137 , 138 , 139 , 140 , 142 , 143 , 144 , 145 , 146 , 147 , 148 , 149 , 150 , 151 , 152 , 153 , 154 , 155 , 156 , 157 , 158 , 159 , 160 , 161 , 162 , 164 , 165 , 166 , 167 , 168 , 169 , 170 , 171 , 172 , 178 , 179 , 180 , 181 , 182 , 183 , 184 , 185 , 186 , 187 , 188 , 189 , 190 , 191 , 192 , 193 , 194 , 195 , 196 , 197 , 198 , 199 , 200 , 201 , 202 , 203 , 204 , 205 , 206 , 207 , 209 , 210 , 211 , 212 , 214 , 215 , 217 , 218 , 219 , 220 , 221 , 222 , 223 , 224 , 225 , 226 , 227 , 228 , 229 , 230 , 231 , 232 , 233 , 234 , 235 , 236 , 237 , 238 , 239 , 240 , 241 , 242 , 243 , 244 , 245 , 246 , 247 , 248 , 249 , 250 , 251 , 252 , 253 , 254 , 255 , 256 , 257 , 258 , 259 , 260 , 261 , 262 , 263 , 264 , 265 , 266 , 267 , 268 , 269 , 270 , 271 , 272 , 273 , 274 , 275 , 276 , 277 , 278 , 279 , 280 , 281 , 282 , 283 , 284 , 285 , 287 , 288 , 289 , 290 , 291 , 292 , 293 , 294 , 295 , 296 , 297 , 298 , 299 , 300 , 301 , 302 , 303 , 304 , 305 , 306 , 307 , 308 , 309 , 310 , 311 , 312 , 313 , 314 , 315 , 316 , 317 , 318 , 319 , 320 , 321 , 322 , 323 , 324 , 325 , 326 , 327 , 328 , 329 , 330 , 331 , 332 , 333 , 334 ,