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Frequently Asked Questions
  If the shares issued in connection with the acquisition are priced at or above the Minimum Price on the date the agreement is entered into, does the company still need shareholder approval?
Identification Number 189

Yes. There is no pricing test under the acquisition rule; therefore, if the potential share issuance will exceed the shareholder approval thresholds, shareholder approval is required regardless of the price at which the shares are issued.

Publication Date*: 10/10/2018 Mailto Link Identification Number: 189
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