Since shareholder proposals are advisory, it's up to the companies to decide whether or how to respond to the results.
Since shareholder proposals are advisory, it's up to the companies to decide whether or how to respond to the results.
Not exact matches
The Renault - Nissan alliance, underpinned by cross-shareholdings, has wrestled intermittently
since its 1999 inception with full merger
proposals that have foundered on objections from France, Renault's biggest
shareholder.
While Apple may not have increased its buying much
since Icahn launched his Twitter offensive and nonbinding
shareholder proposal, it has increased its buying considerably
since, you know, 2011.
Since 2006 (the first year in the ProxyMonitor.org database), the three most frequent sponsors of
shareholder proposals at Fortune 250 companies have been corporate gadflies: John Chevedden (including, in earlier years, his family trust and now - deceased father, Ray); William Steiner (and son, Kenneth); and Evelyn Davis.
Macerich argues that Simon's
proposal «substantially undervalues Macerich,» which I guess
shareholders agree with,
since the stock has traded above the offer price
since the deal was announced.
For the
proposal to pass, nearly 90 % of all the minority
shareholders would have to vote for it,
since Mr. Icahn controls 40 % of the stock.
This may change in future
since legislative
proposals are currently being considered to provide
shareholders with the right to decide how long poison pills will remain in effect, and the regulators would intervene only in extraordinary circumstances.