Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger between CNL Financial Corp and Newco Merger Co

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• County: Mecklenburg
• Control #: US-CC-12-2089
• Format: Word; Rich Text

Description

12-2089 12-2089 . . . Agreement and Plan of Merger for merger of corporation with newly-formed, wholly-owned subsidiary ("Surviving Company") of Disappearing Company and conversion of (a) each share of Disappearing Company common stock outstanding on September 7, 1994 ("Determination Date") owned by any stockholder who, at Determination Date, is not director or officer of Disappearing Company and is record holder of 500 shares or less of Disappearing Company common stock into right to receive $6.00 per share in cash from Surviving Company and (b) each share of Disappearing Company common stock owned by any stockholder who, at Determination Date, is director or officer of Disappearing Company or is record holder of more than 500 shares of Disappearing Company common stock into one share of Surviving Company common stock. Each share of Surviving Company common stock outstanding on effective date of merger shall be converted into right to receive $5.00 in cash from Surviving Company. The purpose of merger is to reduce number of stockholders below 300 and terminate registration of Surviving Company's common stock under Securities Exchange Act of 1934 The Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger between CNL Financial Corp and New co Merger Co is a legally binding document that outlines the terms and conditions of a merger between the two companies. This agreement commonly occurs in the context of corporate mergers and acquisitions. Keywords: Mecklenburg North Carolina, Amended and Restated Agreement, Plan of Merger, CNL Financial Corp, New co Merger Co, corporate merger, acquisition, terms and conditions. There may be different variations or types of the Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger between CNL Financial Corp and New co Merger Co, depending on specific circumstances and the needs of the companies involved. Some potential variations could include: 1. Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger with Specific Conditions: This type of agreement may outline additional conditions or requirements that need to be met for the merger to be completed. Such conditions could relate to regulatory approvals, shareholder consent, or certain financial thresholds. 2. Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger for Partial Acquisition: In cases where the merger involves the acquisition of only a portion of one company by another, this type of agreement would specify the terms and conditions specific to that partial acquisition. 3. Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger with Earn-out Provisions: In specific cases, an agreement may include earn-out provisions that determine additional payments or compensation based on the post-merger performance of certain metrics or targets. These provisions would be detailed within the agreement. It is important to note that the specific types of agreements would depend on the negotiations and requirements of the merger parties.

The Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger between CNL Financial Corp and New co Merger Co is a legally binding document that outlines the terms and conditions of a merger between the two companies. This agreement commonly occurs in the context of corporate mergers and acquisitions. Keywords: Mecklenburg North Carolina, Amended and Restated Agreement, Plan of Merger, CNL Financial Corp, New co Merger Co, corporate merger, acquisition, terms and conditions. There may be different variations or types of the Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger between CNL Financial Corp and New co Merger Co, depending on specific circumstances and the needs of the companies involved. Some potential variations could include: 1. Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger with Specific Conditions: This type of agreement may outline additional conditions or requirements that need to be met for the merger to be completed. Such conditions could relate to regulatory approvals, shareholder consent, or certain financial thresholds. 2. Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger for Partial Acquisition: In cases where the merger involves the acquisition of only a portion of one company by another, this type of agreement would specify the terms and conditions specific to that partial acquisition. 3. Mecklenburg North Carolina Amended and Restated Agreement and Plan of Merger with Earn-out Provisions: In specific cases, an agreement may include earn-out provisions that determine additional payments or compensation based on the post-merger performance of certain metrics or targets. These provisions would be detailed within the agreement. It is important to note that the specific types of agreements would depend on the negotiations and requirements of the merger parties.