What voting rights do I have as a holder of Applied Biosystems stock or Celera stock?
The entire voting power of Applera’s stockholders is vested in the holders of Applera-Applied Biosystems stock and Applera-Celera stock, who vote as a single class on each matter on which holders of common stock are generally entitled to vote. On all matters as to which both stocks vote together as a single class, including the election of directors of Applera, each share of Applera-Applied Biosystems stock is entitled to one vote and each share of Applera-Celera stock is entitled to a number of votes that fluctuates based on changes in the relative market values of the Applera-Applied Biosystems stock and the Applera-Celera stock. This mechanism is intended to ensure that the relative aggregate voting power of each class of stock is proportionate to the relative aggregate market value of each class of stock. Back to TopTRACKING STOCK1.
Related Questions
- Is the issuance of a lower voting stock in connection with an exchange offer a violation of NASDAQs Voting Rights Rule?
- Is the issuance of a second class of lower voting stock a violation of NASDAQs Voting Rights Rule?
- What voting rights do I have as a holder of Applied Biosystems stock or Celera stock?