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ChallengeAnything
Joined: 29 Sep 2012
Last visit: 24 May 2016
Posts: 17
Own Kudos:
Given Kudos: 68
Location: United States
Concentration: Finance, Strategy
Schools: ISB '17 Insead July'17 Cornell NYCTech'17
WE:Corporate Finance (Finance: Investment Banking)
08 Jul 2013, 03:13
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Hello Fellow GMATters,
I was writing an analysis report today and found a statement written by my colleague.
Original statement:
Company X holds apprx 46% of Company Y's share capital will be entitled to designate two candidates
Modified statement:
Here i have two views in mind while changing the statement.
1. Mod Stmt: X holds appx 46% stake in Y and will be entitled to designate two candidates (completely on future basis)
2. Mod stmt: X holds apprx 46% stake in Y and is entitled to designate two candidate (as a whole, keeping in mind, the right to designate since the time they held the stake)
I often get confused when writing the shareholders agreement reports.
Please correct me in all aspects.
Thanks in advance!
I was writing an analysis report today and found a statement written by my colleague.
Original statement:
Company X holds apprx 46% of Company Y's share capital will be entitled to designate two candidates
Modified statement:
Here i have two views in mind while changing the statement.
1. Mod Stmt: X holds appx 46% stake in Y and will be entitled to designate two candidates (completely on future basis)
2. Mod stmt: X holds apprx 46% stake in Y and is entitled to designate two candidate (as a whole, keeping in mind, the right to designate since the time they held the stake)
I often get confused when writing the shareholders agreement reports.
Please correct me in all aspects.
Thanks in advance!
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plumber250
Joined: 07 Nov 2012
Last visit: 21 Dec 2015
Posts: 213
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Given Kudos: 4
Schools: LBS '14 (A$)
GMAT 1: 770 Q48 V48
08 Jul 2013, 09:21
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Hi - It's the second 1.
As a consequence of having 46% of the shares they have this right NOW. When they get to do it is in the future, but they have the right now.
Hope that helps.
James
As a consequence of having 46% of the shares they have this right NOW. When they get to do it is in the future, but they have the right now.
Hope that helps.
James
ChallengeAnything
Joined: 29 Sep 2012
Last visit: 24 May 2016
Posts: 17
Own Kudos:
Given Kudos: 68
Location: United States
Concentration: Finance, Strategy
Schools: ISB '17 Insead July'17 Cornell NYCTech'17
WE:Corporate Finance (Finance: Investment Banking)
09 Jul 2013, 22:17
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plumber250
NOW. Check.
I was stuck on that little difference.
It helped.
Thank you so much,James.
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Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
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Thank you for understanding, and happy exploring!
