Sentences with phrase «controlling shareholder in the company»

Roy Sabag, controlling shareholder in the company and its CEO, announced recently that after the merger with Backbone Hosting Solutions was completed, he would be replaced as CEO by Wes Fulford, who was recently named CEO of the Canadian company.

Not exact matches

In addition to the battle for control, which has pitted Dauman against 93 - year - old controlling shareholder Sumner Redstone and his daughter Shari, the company said that advertising sales have been weak, and they are expected to be down by 4 % for the quarter.

What probably will make a difference is whether the board — which last fall paid out a $ 300 million special dividend to shareholders — accepts the offer by Arthur T. Demoulas to acquire the 50.5 percent stake in the $ 4.6 billion company now controlled by his cousin Arthur S. Demoulas and other family members.

The pair's solutions to the alleged problems of CEO - speak are greater government control of markets, more bureaucracy in the private and public sectors, an end to CEOs» duty of care to shareholders and — get this — more snore - inducing courses on critical textual analysis in business schools so students can know exactly how many times a CEO says «our company» versus «the company.»

Tightly controlled companies are the unloved children of the public markets, because they concentrate decision - making in the hands of the few to the exclusion of a firm's wider shareholder base.

Metals X looks set to succeed in its long - running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $ 103 million.

A Delaware court ruled in favor of IAC / InterActiveCorp chief Barry Diller on Friday in a legal dispute with controlling shareholder Liberty Media, paving the way for him to proceed with a proposed spin - off of four company units.

The catch with equity financing is that it can dilute the ownership of the company for the shareholders, potentially resulting in a loss of control.

Under the new system, statements which UK companies file when they are set up and on each anniversary of that date showing changes in shareholders or directors are supposed to include details of «Persons with significant control (PSC).»

«HomeServices is on track to do only about 3 % of the country's home - brokerage business in 2018,» Buffett wrote in his most recent shareholders report, referring to HomeServices of America Inc., which controls Trident and two other mortgage companies.

Yet he remains the controlling shareholder of his two public companies, and in May, began taking the unexpected steps toward unseating Dauman that are now the subject of a raging court battle over his mental capacity.

The company's letter said long - term, patient investing has been its approach, citing its decade - plus of investment in Chrysler, its eight years as controlling shareholder of Metro - Goldwyn - Mayer and 20 years as controlling shareholder in MGM Mirage.

It seems obvious that chairman and controlling shareholder Michael Ferro, who took over the company in February, wants to show that Tribune is moving forward into a digital future.

Mr. Redstone, 92 years old, is the controlling shareholder of Viacom and CBS Corp. with nearly 80 % voting stakes in each company.

Dauman and Shari Redstone, the daughter of controlling shareholder and former chairman Sumner Redstone, are currently embroiled in a high - stakes legal battle over control of the 93 - year - old media mogul's companies.

In fact the pill seems to have been put in place to thwart Carl Icahn, who really is exactly the sort of guy who would run a coercive two - step tender offer to put pressure on shareholders so he can take control of a companIn fact the pill seems to have been put in place to thwart Carl Icahn, who really is exactly the sort of guy who would run a coercive two - step tender offer to put pressure on shareholders so he can take control of a companin place to thwart Carl Icahn, who really is exactly the sort of guy who would run a coercive two - step tender offer to put pressure on shareholders so he can take control of a company.

A stake purchase by the activist investor could add friction in a potential merger of the $ 53 bln software company with its controlling shareholder Dell.

Management Buyout - Management Buyout is when the managers and administrators of a corporation buy the controlling interest in a company from an existing shareholder.

EMC shareholders will receive $ 24.05 a share in cash plus tracking stock in VMware, a cloud software company that EMC controls, all of which will be worth a combined $ 33.15.

As manager of the firm's Corporate Governance Consulting Group with over 30 years of experience in the field, Bill has guided companies through a wide range of governance and takeover challenges, including contentious shareholder proposals and compensation - based initiatives, proxy contests, tender offers, and other corporate control matters.

Those plans were blocked by controlling shareholder Martha Billes and Ackman eventually gave up and sold his shares in the company.

The main shareholders in the company are Nicolas Bonta (28 %); Emiliano Grodzki (30 %), who is a director of the company and its chief strategy officer; and Roy Sebag (23 %), the company's founder and former controlling shareholder, who last week ceased to be its CEO and also resigned from its board of directors.

I guess the lesson of Travis Kalanick's resignation as chief executive officer of Uber Technologies Inc. is that you can be the visionary founder of a massive company, stay private to avoid the pressures of the public market, keep control of a majority of the voting power of the shares, and still be forced out in a boardroom coup led by activist shareholders:

This way the shareholders can retain their level of control in the company without having to go out and purchase more shares just for the power of the vote that will give the shareholder more clout at the board level for his / her interests in corporate activities.

Kinder Morgan chief executive officer Steven Kean said that «a company can not litigate its way to an in - service pipeline amidst jurisdictional differences between governments» and that Kinder Morgan can't expose shareholders to «extraordinary political risks that are completely outside of our control and that could prevent completion of the project.»

But after the release of qualified interim accounts on Tuesday, the question that must be asked now is whether the current shareholders of Lynas will end up owning the company or whether the price of refinancing its heavily geared balance sheet will mean a change in control.

The canceled merger of 2014 would have placed SoftBank in control of the merged carrier company, with Deutsche Telekom to have been relegated as a minority shareholder.

The prospect of losing valued Company employees in connection with a change in control could reduce the value of the Company to an acquirer and could thus reduce the amount current shareholders would realize in the transaction.

It is believed WCB had insisted on a 50.1 per cent condition before approving Saputo's earlier cash bids because it feared without the condition the company could be left with several large shareholders stuck in a stalemate for control.

Saputo chief executive Lino Saputo Jnr said he is optimistic his company can win control of WCB by Christmas ahead of a roadshow in Victoria for WCB shareholders and suppliers.

In other words: if LF - RB Group were to succeed in its proxy contest, a group owning 9 % of your Company would take 100 % control of the Board of your Company without paying other RiceBran shareholders a control premiuIn other words: if LF - RB Group were to succeed in its proxy contest, a group owning 9 % of your Company would take 100 % control of the Board of your Company without paying other RiceBran shareholders a control premiuin its proxy contest, a group owning 9 % of your Company would take 100 % control of the Board of your Company without paying other RiceBran shareholders a control premium.

The set up put in place by the board in 2015 allowed existing supplier shareholders to keep a controlling vote in the cooperative, while also allowing non-voting shareholders to buy into the company.

JAB Holding Company is also the largest shareholder in Coty Inc., a global leader in beauty, and owns a controlling stake in luxury goods company Bally as well as a minority stake in Reckitt Benckiser PLC, a global leader in health, hygiene and home prCompany is also the largest shareholder in Coty Inc., a global leader in beauty, and owns a controlling stake in luxury goods company Bally as well as a minority stake in Reckitt Benckiser PLC, a global leader in health, hygiene and home prcompany Bally as well as a minority stake in Reckitt Benckiser PLC, a global leader in health, hygiene and home products.

Powell Jobs, widow of late Apple CEO Steve Jobs, will be the second - largest shareholder in the teams, behind Ted Leonsis — who The Washington Post reports will retain the controlling interest in the company.

Actually, no: Constituency statutes were often implemented to ward off potential hostile takeovers of in - state companies, in which certain investors attempt to seize control of firms to maximize short - term shareholder value.

Consequently, the company suggests in its sustainability report to shareholders and customers that it has its operations under control whilst it in reality has minimal influence on topics such as the environment and workers» rights in China.

Of course, in the eyes of the attorneys for the Winchester Repeating Arms Company, he's the best candidate to assess whether or not the majority shareholder in the company is mentally fit to retain her cCompany, he's the best candidate to assess whether or not the majority shareholder in the company is mentally fit to retain her ccompany is mentally fit to retain her control.

About Scape Scape is a local authority controlled company, based in Nottingham, whose shareholders are Derby City, Derbyshire County, Gateshead, Nottingham City, Nottinghamshire County and Warwickshire County Councils.

None of these companies have disclosed how the shares changed hands in those transactions since the initial purchase in 2006, but Spalding remains the majority shareholder and controls the business.

Owning shares does not mean that the shareholder has direct control over the day - to - day operations of the company, however, depending on the class of share, it generally entitles to an equal distribution in any profits declared in the form of dividends.

I do control my investment decisions by which I hope to avoid putting my capital to work in companies with management intent on building personal empires and ignoring their shareholders.

Courts have often deemed shareholders to be in control of a corporation with as little as 20 % of the ownership of a company.

That's why a lot of us tend to invest in companies like PG, JNJ, KMI, PM, MO, T etc because those companies have pretty wide moats / competitive advantages, long histories of dividend raises, shareholder support and solid revenue, cost controls = > positive net income and generally healthy operating cash flow, sometimes high amounts of free cash flow after capital investment.

In FF, the company is a standalone, separate and distinct from its shareholders, its management, its control group and its creditors.

The equity of the shareholders who do not hold controlling interest in a controlled company; 2.

An arrangement to place the control of a company in the hands of certain managers for a given period of time, or until certain results have been achieved, by shareholders surrendering their voting rights to a trustee for a specified period of time.

Henry Tippie serves as Chairman of the Board of Dover Motorsports, as well as controlling Trustee of RMT Trust (Dover's largest shareholder), and in these capacities exercises control over 54.4 % of the combined voting power of the two classes of the Company's common stock.

Under these circumstances, it is the fiduciary responsibility of the company's directors as well as of the trustees of its controlling shareholder to act in the interest of those who rely upon them to assure the competent management of Dover Motorsports.

You run (an admittedly small) risk the offer's successful, but NOT extended... This would leave you awaiting a compulsory acquisition (which a bidder can launch once they reach 80 - 95 % control, depending on country), or even end up trapped as a minority shareholder in a delisted company!

Of course, by buying PMHL you're investing in a Chinese company, trusting a controlling CEO / shareholder, and making a definite bet on a Chinese soft landing... Not a bet most people want to make right now!