Sentences with phrase «irrevocable undertaking»

However, as the amount of acceptances was beyond Fullshare's control, Fullshare obtained an irrevocable undertaking to accept the offer from the single largest shareholder of China High Speed (holding 28.01 % shares) in accordance with the requirements of the Takeovers Code before the offer commenced.

It may be that where there is doubt about the offeror's financial stability, the offeree will look to the offeror to pay money over to his solicitor before acceptance to be the subject of an irrevocable undertaking.

Igarashi Motors Sales Pvt. Ltd. (backed by unconditional and irrevocable undertaking by Axis Capital)

I guess there was a hiccup regarding irrevocable undertakings (which are always good to see from directors & major shareholders in any deal announcement), but these were received & the pre-condition satisfied later that day.

Considering all aspects of the deal (reputation and financing of the bidders, irrevocable undertakings, conditions and terms of the Offer, etc.), I attach a 96 % probability to the Offer going through, and 4 % to a deal failure.

Much like a jilted boyfriend telling all his friends that his ex-chick is nuts, Infogrames released a statement after being shot down by SCi, «Infogrames» proposal is financially disciplined and recognises the strengths of both companies,» they explained, «Although the indicative offer is subject to standard conditions relating to due diligence, the receipt of irrevocable undertakings from certain SCi shareholders and the recommendation of the SCi Board, it is not subject to financing.»

Not exact matches

He told Jon Snow: «What Lord Ashcroft did when he made those irrevocable commitments back 10 years ago to get his peerage — and they were signed off with the flourish that these were solemn and binding undertakings — he committed himself to permanent residence in the United Kingdom.

«The author of an atrocious undertaking ought to imagine that he has already accomplished it, ought to impose upon himself a future as irrevocable as the past.»

The Court then concluded, however, that these concerns were trumped by the irrevocable FRAND undertaking given by the SEP owner.