Sentences with phrase «by shareholders of both companies»

That acquisition was approved by shareholders of both companies on Friday.

Three days later, CanniMed entered into an agreement to acquire Newstrike Resources Ltd. by way of a corporate arrangement that would be subject to approval by the shareholders of both companies at meetings scheduled to be held in January 2018.

Not exact matches

So Viacom's new chairman is not only unloved by some large shareholders, but also unloved by his own vice-chairman, the daughter of the company's controlling shareholder and one of the people who will direct Redstone's assets after his death.

May 1 - Jacob Jacobson agreed to resign as Xerox Corp's chief executive as part of a settlement of a lawsuit brought by the company's shareholders that raised questions over Xerox's agreed deal with Japan's Fujifilm Holdings Corp, a New York court filing showed on Tuesday.

Dividends, the share of their revenues that companies pay to their shareholders, are a big deal: Over the past century, they've accounted for roughly half of total returns earned by stock investors.

That plan was later scrapped by the board amid shareholder pressure, though he still has effective control of the company.

By complying with this view, companies oblige themselves to protect the shareholders of the «community.»

The transaction was unanimously approved by the board of directors of both companies and is expected to close in the second half of 2018, if it's approved by regulators and shareholders.

He gave it a name and a face: a modern Robin Hood helping the working class by stealing from himself — and perhaps from shareholders of other companies whose bosses are now also putting employees ahead of profits: #imwithdan!

Similarly, Avigilon founder Fernandes's previous startup, QImaging, was snapped up by a large New York Stock Exchange??? listed conglomerate for $ 20 million in 2002, enabling him to become «the biggest and major shareholder of the company» this time around.

After witnessing a 95 % decline in the pharmaceutical company's share price amid a series of scandals, Valeant's board, led by former shareholder and hedge fund manager Bill Ackman, smartly tied Papa's compensation to a recovery in the stock price.

As mentioned above, financial statements are produced by companies for the benefit of shareholders, and are prepared in accordance to sets of accounting rules (i.e. International Financial Reporting Standards, or IFRS, in Canada, and Generally Accepted Accounting Principles, or GAAP, in the U.S.) These rules differ greatly from those used to calculate corporate income taxes owing.

He was repeatedly grilled by a shareholder about what he saw is a misalignment of interests with the board and management who owned few shares in the company.

In response to a shareholder question about what could be done to speed up the glacial pace of adoption of electric car production by other car companies, Musk said he was «playing with doing something fairly significant on this front which would be kind of controversial with respect to Tesla's patents.»

The tech company has also returned an additional $ 151 billion to shareholders since its fiscal year 2013 in the form of share buybacks — a move that has reduced share count and boosted earnings per share by about 21 % in the past four years, according to Silverblatt.

With legal B corporation status, companies are allowed to favour social impact over profit without the risk of being sued by shareholders.

The statement said 3G Capital, the majority owner of Burger King, would continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $ 15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

There was a flurry of interest recently in a lawsuit launched by some Facebook shareholders, who apparently believe that they got the short end of the stick in the company's recent share restructuring.

That increases the shares outstanding and dilutes the stake of existing shareholders, since shares issued by the company through the exercise of options are not sold in exchange for cash at fair market value but are exercised at a discount.

Employee stock - option programs are typically authorized by a company's board of directors (and have historically been approved by the shareholders) and give the company discretion to award options to employees equal to a certain percentage of the company's shares outstanding.

Rather, Outfit7 Investments Ltd. (Outfit7) said in a press release that its shareholders have sold 100 percent of the company to a consortium of investors from Asia, represented by United Luck Group Holdings Limited under the leadership of Ou Yaping.

FEATURE: Takeovers are a powerful way of delivering short - term returns to investors, as the Total Shareholder Return data released by Morningstar and applied to 700 companies on the Business News BNIQ database.

As 3DPrint reported, «shareholders of Stratasys... want the company and officers to pay for not only misleading their customers, but also misleading their shareholders by knowingly putting a faulty product into the marketplace.»

EMC is no doubt hoping that Glass Lewis's endorsement of the deal will be enough to persuade undecided EMC shareholders who are skeptical that a newly combined company would be able to better compete in a fast - changing technology landscape than either Dell or EMC by themselves.

Buyback proponents say they reward these long - term shareholders by effectively increasing their ownership of the company, and they help boost the value of a stock by raising the company's earnings per share.

MOSCOW, April 30 - SUAL Partners, a co-owner of Russian aluminium producer Rusal, said on Monday that Rusal's board and shareholders needed to start work as soon as possible on a new strategy after the company was hit by U.S. sanctions.

In October of 2013, for example, Kohlberg Management VI, LLC, the largest shareholder in Performance Sports Group Ltd. (PSG: TSX), sold 3.2 million common shares of the company at $ 12.15 a share to a syndicate of underwriters co-led by RBC Capital Markets and Paradigm Capital Inc..

The boards of some major US and Australian companies have responded to shareholder activism by becoming more active in their pursuit of best practice.

Ping An Boosted Net Profit Attributable to Shareholders of the Parent Company by 11.5 % in Q1, Distributes 30th Anniversary Special Dividend

«Goldilocks Investment Company Ltd has filed legal action today in light of the continuing refusal by Noble Group Ltd to recognize legitimate legal rights of Goldilocks as a shareholder of Noble,» the investment fund, which holds an 8.1 percent stake in Singapore - listed Noble said in a statement.

Long delayed by the Securities and Exchange Commission (SEC), Title III was the most controversial provision of the JOBS Act because it allowed non-accredited investors — generally defined as individuals with less than $ 1 million in assets who earn less than $ 200,000 per year — to invest in private companies as shareholders.

The chairman, CEO and largest shareholder of Berkshire Hathaway was also joined by the company's Vice Chairman Charles Munger and Buffett - friend Bill Gates.

«By moving ahead with the tax - free spin - off of the midstream business and merging EQM and RMP — following the previously announced addition of two new directors with midstream experience — we believe the Company has put itself on the best path forward for itself and all shareholders,» Quentin Koffey, portfolio manager at D. E. Shaw, said in a statement.

SEOUL, March 30 - Shares of Hyundai Mobis dropped almost 7 percent on Friday, hurt by worries that a proposed restructuring plan would benefit the parent group's controlling family at the cost of the company's shareholders.

By the end of the day, Perrigo had basically reached the same conclusion: Just after U.S. markets closed at 4 p.m. on Tuesday, Perrigo announced that its board of directors unanimously rejected Mylan's bid, saying it «substantially undervalues» the company and is not in its shareholders» best interests.

Institutional Shareholder Services Inc. says in a report that investors should vote for Dallas Howe and Herbert Pinder, nominated by Cation Capital Inc., instead of Crescent Point nominees Rene Amirault and Mike Jackson at the company's annual meeting May 4.

The company is headlined by Alan Stein and Jon Taylor, both of whom will join the Azonto board as Managing Director and Technical Director after Azonto receives shareholder approval to change its name to Calima Energy.

This is exactly the opportunity the activists are availing themselves of by contacting blocks of shareholders to exchange views on underperforming companies and collaborating on remedies.

Fan also pointed out that Verizon Wireless can not invest outside of the continental U.S. due to a shareholder agreement with British telecom company Vodafone (which owns a 45 per cent stake in Verizon Wireless), and that it would be unlikely that any wireless investment by Verizon Communications Inc. would occur outside of Verizon Wireless.

At the conclusion of his four - month trial in 2007, prosecutors sought to convict on two alternative theories: one, that defendants actually stolen money from the company or; two, that by failing to disclose these payments, they'd deprived shareholders of their intangible right to honest services.

FORTUNE — We've seen companies like News Corp (NWS), Blackstone (BX), and LinkedIn (lnkd) chip away at shareholder rights by limiting the voting rights of shareholders.

LONDON / FRANKFURT / MILAN, May 2 (Reuters)- U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break - ups and merger deals.

While a board of directors has a duty to maximize shareholder value by running a fair sales process, the Murdochs own about 17 percent of Fox and control the company through voting shares.

LONDON / FRANKFURT / MILAN, May 2 - U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break - ups and merger deals.

Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based on sexual orientation and gender identity»; a policy articulating Exxon's «respect for and commitment to the human right to water»; «a report discussing possible long term risks to the company's finances and operations posed by the environmental, social and economic challenges associated with the oil sands»; a report of «known and potential environmental impacts» and «policy options» to address the impacts of the company's «fracturing operations»; a report of recommendations on how Exxon can become an «environmentally sustainable energy company»; and adoption of «quantitative goals... for reducing total greenhouse gas emissions.»

There were also bank statements, reserve estimates by an independent American geologist and historical records of dividends paid out to shareholders — which would have been improbable if, as the letter writer claimed, the company's mine in China was losing money.

He structured his new firm in a completely novel way — as a «mutual mutual fund,» or an investment company that would be owned by its member funds and operated wholly in the interest of its shareholders.

Sixty - two percent of shareholders voted in favor of the proposal — a stunning defeat for the company formerly helmed by Trump's Secretary of State Rex Tillerson.

The company said it has cut back its capital expenditures forecast «by focusing on the critical near - term needs that benefit us primarily in the next couple of years,» the company said in its shareholder letter.