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Coattail provision

• In the event of a takeover offer for the company, this provision allows the holders of the non-voting or restricted voting shares the right to convert their shares into an equal number of the superior voting shares.

 
 Embedded terms in definition
 Event
Offer
Right
Shares
Takeover
 
 Related Terms
 Call provision
Fair price provision
Optimal redemption provision
Put provision

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