Nevada Statutes

§ 78.441 — Authorized combinations: Consideration to be received by disinterested holders of common shares

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 78 Private· COMBINATIONS WITH INTERESTED STOCKHOLDERS

As an alternative to a combination satisfying the requirements of subsection 1 or 2 of NRS 78.439, a combination with an interested stockholder of the resident domestic corporation engaged in more than 2 years after the date that the person first became an interested stockholder is permissible if the requirements of NRS 78.442, 78.443 and 78.444 are satisfied and the aggregate amount of the cash and the market value, as of the date of consummation, of consideration other than cash to be received per share by all of the holders of outstanding common shares of the resident domestic corporation not beneficially owned by such interested stockholder immediately before that date is at least equal to the higher of the following:

1.The highest price per share paid by the interested stockholder, a

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Related

§ 78.439
Nevada § 78.439
§ 78.442
Nevada § 78.442

Legislative History

(Added to NRS by 1991, 1204 ; A 1993, 969 ; 2003, 3103 ; 2011, 2788 ; 2015, 3231 )

Nearby Sections

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