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Under the Takeover Panel Code, Pfizer cannot raise last night's 'final' bid of £55/shares again.
Under the takeover proposal, the new combined group, Merrill Lynch Wealth Management, would be run by Robert J. McCann, the head of Merrill's global wealth management business.
Under the takeover agreement, the authority buys power from the KeySpan plants and also pays for virtually all the costs, including taxes and fuel, of running the plants.
Under the Takeover Panel's terms, Global must indicate a "firm intention" to bid for GCap by 5pm on March 5 or walk away for six months.
Under the takeover deal, Mr Arnold and most of the rest of his management team will stay in place to ensure an orderly transition.
Any public statements against future bid intentions must be unambiguous, otherwise the individual or group would, under the Takeover Panel's rule 2.8, be prevented from making a formal move for six months.
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But this can be clarified in the Legislature, which should identify the circumstances under which the takeover would be lifted and power returned to local officials.
In his ruling, he said it was "unfortunate" that the insider dealing allegation was made in open court and that it was not relevant to yesterday's hearing, which was held to sanction the scheme under which the takeover is being arranged.
Under terms of the takeover, all stock-based incentives vest as soon as the deal is sealed.
The Chandler family trusts now own 14.5 million shares of Times Mirror stock, which will be exchanged under terms of the takeover for 36.25 million shares of Tribune Company stock, worth $1.1 billion at yesterday's closing market price.
Under the terms of the takeover, Bare Escentuals will be run as a Shiseido subsidiary under its current management, including its chief executive, Leslie Blodgett and its chief financial officer, Myles B. McCormick.
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