On February 12, 2008, MEC's Class A Subordinate Voting Stock
closed at $0.
In determining that a three percent premium, as opposed to a higher premium, should be applied, the Tax Court noted that the 18 shares of class A voting stock
was a minority voting block.
906 (1937), the court of appeals addressed whether the preferred stock issued by Erie Lighting Company (ELC) was voting stock
or nonvoting stock for purposes of the applicable consolidation provisions.
shareholder is a person who owns--directly, indirectly or constructively--10% or more of a foreign corporation's voting stock
Where a corporate member of a pass-through entity -- whether a domestic limited partnership, limited liability company, foreign general or limited partnership, or domestic or foreign trust or estate -- owns a sufficient interest in that entity under section 318 to claim at least a 10-percent interest in any foreign corporation's voting stock
(which stock is held by the pass-through entity), the (domestic) corporate member should be entitled to a deemed-paid credit.
The subsidiary must be structured so the REIT owns less than 10% of the subsidiary's voting stock
, either through nonvoting common stock or a combination of nonvoting preferred stock and debt.
For valid business reasons and pursuant to a reorganization plan, the target transfers all of its assets to the acquirer in exchange for 70% of the latter's voting stock
and 30% cash.
The shareholder's percentage of voting stock
after the redemption also must be less than 80% of his or her percentage before the redemption.
To qualify for a B-type reorganization, section 368(a)(1)(B) of the Internal Revenue Code requires the acquiring corporation to use only voting stock
as consideration in the acquisition of control of the acquired corporation.
The Notes will bear interest at 7 1/4% per annum and will be convertible into shares of MEC's Class A Subordinate Voting Stock
at a conversion price of U.
In the acquisition merger, the T shareholders exchange their T stock for 70% X voting stock
and 30% cash.
As a result of the amendment, each right that is attached to each share of Pioneer common stock will become exercisable only if a person or group acquires 20% or more of Pioneer's outstanding voting stock
or announces a tender or exchange offer that would result in ownership of 20% or more of Pioneer's voting stock