Effect on Equity Interests. At the Effective Time, each of Merger Corp’s Shares issued and outstanding immediately prior to the Effective Time will be cancelled, and no consideration shall be provided therefor. The limited liability company interests of Merger LLC outstanding immediately prior to the Effective Time shall remain outstanding and unchanged as limited liability company interests of the Surviving Company.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Pinnacle Foods Inc.), Agreement and Plan of Merger (Hillshire Brands Co)