21. Cheff was not interested in a business combination . 22. What we defined in the business combination agreement as a merger of equals was precisely that, 23. The prospect of new business combinations and a fresh wave of mergers lifted the sector, analysts said. 24. The company mentioned possibilities ranging from financial restructuring or stock repurchases to possible spinoffs or business combinations . 25. Alamco Inc . said it's in talks over what it called " a possible business combination ." 26. If a business combination is effected then the SPAC Management Team receives 18 % of shares as compensation. 27. We have recently held discussions with other domestic oil and gas companies regarding possible business combinations and opportunities, 28. Preferring neither alternative, E-Systems last fall invited several companies to propose business combinations of one sort or another. 29. This guarantees a minimum liquidation value per share in the event that a business combination is not effected. 30. We are fully committed to completing our strategic merger, which we believe is clearly the superior business combination .