Word: warrant
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Dates: during 1980-1989
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Under the agreement, each ABC shareholder would receive $118 in cash plus a tenth of a warrant that would allow the purchase of Capital Cities common stock at a set price...
Each whole warrant would entitle the holder to purchase one share of Capital Cities, common stock at $250 a share for a period of 24 years from the merger For a period of 90 days following the merger, holders of warrants would have the right to sell the warrants to Capital Cities for $30 each...
...companies said that including the warrant provision the deal was worth $121 a share ABC has 291 million shares outstanding...
Many believe that would be good enough to warrant serious NIT consideration...
Similarly, the Michelman Committee, which last October released an interim report on the progress of the Experimental Program, was quick to point out that "Neither the actual nor the planned departures from the standard first-year program are drastic enough to warrant the guinea-pig simile that 'experimental' suggests...