Sentences with phrase «by shareholders on»

It also rejected the argument that a multiple derivative action comprises two derivative actions (one by the shareholders on behalf of the parent company against the subsidiary for its failure to sue the wrongdoers and one by the parent company on behalf of the subsidiary against the wrongdoers), neither of which was maintainable (the first because the subsidiary owed the parent no duty to sue the wrongdoers and the second because the parent company was in control of the subsidiary).

Any dividends declared by the fund in October, November or December and paid the following January are treated, for tax purposes, as if they were received by shareholders on December 31 of the year in which they were declared.

Any dividends declared by a fund in October, November or December and paid the following January are treated, for tax purposes, as if they were received by shareholders on December 31 of the year in which they were declared.

Dividends or distributions declared in October, November or December as of a record date in such a month, if any, will be deemed to have been received by shareholders on December 31, if paid during January of the following year.

-- The EGM Notice process was both unprofessional & inappropriate: While most investors learned of the Share Buyback from Argo's RNS (released after close - of - business on Mon, Feb - 8th), the Notice was actually posted the prior week & received by some shareholders on Sat, Feb - 6th.

Not exact matches

Balance sheet, income statement, cash flow statement, statement of changes in shareholders» equity and information by business division included in this press release are extracted from the condensed consolidated financial statements at 31 March 2018 reviewed by the Board of Directors of Arkema SA on 2 May 2018.

ROZZANO, Italy, April 24 - Telecom Italia Chief Executive Amos Genish was backed by nearly all shareholders present at a general meeting on Tuesday, days before a showdown over board seats between the Italian phone group's top two investors.

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.

MILAN, April 23 - A judge ruled in favor of an appeal by Telecom Italia and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

Berkshire Hathaway has always been the quintessential buy - and - hold company — and helps ensure that its Class A shareholders are focused on the same long - term goals by refusing, for example, to indulge in gimmicks like stock splits.

Average annual core return on equity over a period is the ratio of: a) the sum of core income less preferred dividends for the periods presented to b) the sum of: 1) the sum of the adjusted average shareholders» equity for all full years in the period presented, and 2) for partial years in the period presented, the number of quarters in that partial year divided by four, multiplied by the adjusted average shareholders» equity of the partial year.

Taking it one step further, the board also plans to state that it will abide by the vote of shareholders on this proposal.

Nadella's pay package, which will be up for approval by shareholders, includes about $ 65 million in restricted stock on top of his annual salary.

The use of dubious billion - dollar lawsuits to apply pressure on Alfa's partners — filed in remote regions of Russia by obscure private shareholders whose interests somehow overlapped perfectly with Alfa's — became a favorite calling card.

«If Apple thinks the lawsuit is a waste of resources it could simply end the matter by complying with existing law and filing a new proxy that unbundles the proposed changes to the charter so that shareholders can express their views on each matter separately,» a Greenlight spokesperson said in a statement Tuesday.

Shareholders will vote on a rights plan devised by management to thwart Icahn's takeover bid in Toronto on May 4.

On the agenda are proposals by new Chief Executive Officer Dara Khosrowshahi to change requirements for board seats and to overhaul the shareholder voting structure.

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.»

Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $ 8.7 billion, in the largest leveraged buyout of the year.

A shareholders meeting is expected to be held by the end of November where they'll vote on whether or not to accept it.

Prior shareholder letters insisted the proposals were misguided or ignored the company's efforts to spell out its position that even a world intent on limiting temperature rises would still need more oil — a position shared by bodies such as the International Energy Agency, which sees oil demand rising for some years to come yet.

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.

Perth - based Amcom Telecommunications has pushed back its scheme meeting to vote on the Vocus Communications takeover deal by two weeks, after Sydney competitor and Amcom's major shareholder TPG Telecom yesterday said it would vote against the proposal.

On Tuesday Buffalo Wild Wings released a presentation to shareholders that emphasized the firm's strength and took shots at recent criticisms flung at the casual dining chain by Marcato.

While this decision by shareholders seems to affirm their confidence in Musk and his vision, Vilas Capital is betting against Tesla, with Thompson predicting the company will crash in the next three - to - six months due to problems delivering on the Model 3 and falling demand for the Model S and X.

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.

Buffett, who for much of his career avoided tech stocks, has capitalized on that rally by doubling — or, if you will, sextupling — down on Apple stock: He owns six times as much of it now as he did at this time last year, making him one of the iPhone maker's largest shareholders.

U.S. chipmaker Qualcomm raised its offer to buy NXP Semiconductors to $ 127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal.

Pushed by shareholders, US businesses spent $ 2.1 trillion on buybacks in the last five years, according to research from HSBC.

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.

Analysts, however, said the nominations to the board — to be cut to 12 directors from a previous 18 and voted on by shareholders in April — would do little to distract from the problems accumulating for GE.

«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.

And more importantly, by not resolving the current debacle to the player and owners» satisfaction, NFL leadership has hurt Papa John's shareholders,» Schnatter had said during the company's third - quarter earnings call on Nov. 1.

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.

Mike Mayo, author of Exile on Wall Street, says, «[T] he owners of the big banks, namely the shareholders, are finally taking a greater amount of responsibility by speaking up.»

At today's prices, industry forecasts of three million barrels per day by 2020 are likely to underestimate production by a bit, but the real kicker will be on the value of that production to all concerned — governments, via taxes and royalties, and shareholders will all suffer much lower returns from this development than they would have expected less than a year ago if prices stay where they are today.

On June 10 SoftBank increased its bid to $ 21.6 billion from $ 20.1 billion and raised the cash component of the deal for shareholders by $ 4.5 billion, trumping Dish's bid and gaining support from Sprint's second biggest shareholder Paulson & Co. which had previously said it preferred Dish's bid.

ROZZANO, Italy, April 24 (Reuters)- Telecom Italia (TIM) shareholders will vote on Tuesday to confirm Amos Genish as CEO, while a widely - anticipated showdown between the top two investors in Italy's biggest phone group over board seats is delayed by 10 days.

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.

The letter comes ahead of a showdown on March 6, when Qualcomm shareholders are scheduled to elect an 11 - member board and decide whether to hand control to a slate of six nominees put forward by Broadcom.

Although shareholders have yet to approve the deal, the banks would «re-pay shares at a pre-defined value in next few months, avoiding the risk of uncertain evolution of huge claims by shareholders and clients,» Maria Paola Toschi, global market strategist at JPMorgan Asset Management, told CNBC on Tuesday via email.

Shareholders took the leap by electing all seven of Pershing's nominees to CP's board at the annual meeting on May 17.

Emaar Malls» bid has so far not been accepted by Souq.com shareholders, the Dubai - listed firm said in a stock exchange announcement on Monday.

Shell shareholders are set to cast their votes on the deal on Jan. 27, followed by BG investors the next day, the final hurdles to be cleared for the deal to proceed, one of the biggest energy sector acquisitions in the past decade.

Shareholders also want the opportunity to nominate their own directors — known as proxy access — especially since they don't seem to like those put forward by the two members on Netflix's nomination committee.

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.»

However, BG, which also provided a short trading update on Wednesday ahead of its own shareholder meeting on the takeover deal next week, positively surprised investors by beating its 2015 production target.

Turner says he'd also give shareholders the right to annually vote on the appointment of auditors selected by the audit committee.