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Posted On: 12/17/2017 6:07:09 PM
Post# of 82677
SFOR may come into play with the “no material adverse effect having occurred and is continuing” clause in the buyout conditions:
Offer Conditions
The commencement of the offer, and if and when made, the consummation of the offer is subject to the satisfaction or waiver of conditions that are customary for transactions of this kind, including:
minimum acceptance level of at least 67% of Gemalto shares;
no material adverse effect having occurred and is continuing;
no material breach of the Merger Agreement having occurred; and
no Superior Offer having been made or agreed upon.
Offer Conditions
The commencement of the offer, and if and when made, the consummation of the offer is subject to the satisfaction or waiver of conditions that are customary for transactions of this kind, including:
minimum acceptance level of at least 67% of Gemalto shares;
no material adverse effect having occurred and is continuing;
no material breach of the Merger Agreement having occurred; and
no Superior Offer having been made or agreed upon.
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