Sentences with phrase «broad shareholder support»

As Aspen currently has no active business operations and a significant amount of liquid assets, Mr. Tombar believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all of the proceeds from the Sale and Aspen's additional liquid assets to Aspen's stockholders.

In the 13D filing the individual states his intent which is «As Aspen currently has no active business operations and a significant amount of liquid assets, (individual name) believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all the proceeds from the Sale and Aspen's additional liquid assets to Aspen's shareholders.

Not exact matches

There are many other tactics shareowners use as levers including, investor statements endorsed by a broad group of institutional investors; direct outreach to other shareholders; proxy voting services; and other investment advisors to gain support for specific shareholder proposals; and, outreach to consumers and the press as a way to draw public attention to an issue or a company.

It is our duty to support the advancement of public policies that reflect the values of our employees, customers, consumers, shareholders and business partners as well as the broader public interest.

She also took aim at the broad set of tax breaks called Start - Up NY, saying that the program uses SUNY campuses to create benefits for corporate shareholders, even as support of those campuses is gutted.

There is no evidence ever shown to shareholders that validate any broad support for this merger at any time by any large percentage of shares owned.

As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad healthcare company experience supported by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly paid but that has produced no deals for the shareholders to consider or for any outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its fiduciary duties to shareholders.

On the shareholder front, BP, Royal Dutch Shell and Statoil recently took an unexpected step by publicly supporting shareholder resolutions seeking broad disclosure of how the companies are managing climate change risks.