@CDO22
No it's binding on both parties from the time it is signed and the completion of the acquisition (i.e. settlement) is conditional upon obtaining shareholder approval.If the shareholders voted against it, which they were entitled to do (but they didn't), then the deal would not settle and the parties would need to deal with each other under the terms of the contract which would have provided for what happens if any of the conditions precedent to completion are not satisfied or waived.
It's just the beginning for Spenda!, page-451
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