MoneyGram 2010 Annual Report Download - page 27
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Please find page 27 of the 2010 MoneyGram annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Table of Contents
Our charter documents and Delaware law contain provisions that could delay or prevent an acquisition of the Company, which could
inhibit your ability to receive a premium on your investment from a possible sale of the Company.
Our charter documents contain provisions that may discourage third parties from seeking to acquire the Company. These provisions and
specific provisions of Delaware law relating to business combinations with interested stockholders may have the effect of delaying,
deterring or preventing a merger or change in control of the Company. Some of these provisions may discourage a future acquisition of
the Company even if stockholders would receive an attractive value for their shares or if a significant number of our stockholders
believed such a proposed transaction to be in their best interests. As a result, stockholders who desire to participate in such a transaction
may not have the opportunity to do so.
If we cannot meet the New York Stock Exchange ("NYSE") continued listing requirements, the NYSE may delist our common stock.
Our common stock is currently listed on the NYSE. The NYSE requires us to maintain an average closing price of our common stock of
$1.00 per share or higher over 30 consecutive trading days as well as to maintain average market capitalization and stockholders' equity
of at least $75 million.
If we are unable to maintain compliance with the NYSE criteria for continued listing, our common stock would be subject to delisting. A
delisting of our common stock could negatively impact us by, among other things, reducing the liquidity and market price of our common
stock; reducing the number of investors willing to hold or acquire our common stock, which could negatively impact our ability to raise
equity financing; decreasing the amount of news and analyst coverage for the Company; and limiting our ability to issue additional
securities or obtain additional financing in the future.
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