Sentences with phrase «dual class share structures»

It can be argued that mega-mutual fund advisors have been drawn into an alliance with the shareholder empowerment movement on the issues of proxy access and dual class share structures created through IPOs like Snap Inc.'s, which resulted in a class of non-voting shares, simply because of the business opportunity such an alliance represents.

Ironically, there will then be a greater and greater need for dual class share structures, even when they are not being used to protect the «idiosyncratic vision» of a company's founders.

Some Reflections on Magna and Dual Class Share Structures Author: Professor Jeffrey G. MacIntosh, Toronto Stock Exchange Professor of Capital Markets, Faculty of Law, University of Toronto, June 17, 2011

Aritzia has used this argument to defend its proposed dual class share structure, indicating that by maintaining control, the corporation will not be subject to a takeover bid and will be able to continue on its projected growth path.

But it also creates a dual class share structure, which has given rise to a broader debate about legal protections for outside shareholders and the role that securities regulators should play in Canadian capital markets.

Those talks ended, however, for the same reason Bombardier always has trouble raising private capital — the company's dual class share structure, which cements control firmly in the hands of descendants of company founder Joseph - Armand Bombardier.

Dover Motorsports maintained a dual class share structure, which included common stock and Class A common stock.

Second, I was quick to recognize that this spinoff had all the makings of a classic Joel Greenblatt (meaning, attractive) spinoff; the parent's two businesses were in completely unrelated fields (Coal and small home kitchen equipment), it was somewhat complicated (family controlled, dual class share structure) and it was a small enough transaction to be under the radar of most institutional and hedge funds.

Acted for a number of institutional shareholders before the OSC and the court in opposing Magna's proposal to eliminate its dual class share structure.

A judge of the Ontario Superior Court of Justice's Commercial List recently approved a plan of arrangement that eliminated the dual class share structure at Magna International Inc. («Magna») and... [more] Full article

Not exact matches

In November 2009, Facebook's board of directors voted to establish a dual - class stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pclass stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pClass A to Class B shares, which carry 10 times the voting pClass B shares, which carry 10 times the voting power.

Among his biggest grievances are dual - class share structures.

Now, Greenlight Capital is proposing a dual share class structure they say will unlock between $ 13 billion and $ 38 billion in shareholder value.

Dual - class share structures, which give controlling shareholders more than one vote per share or designate some shares as non-voting, are particularly unpopular among governance wonks and institutional investors.

Stock market Stronach had little incentive to eliminate its dual - class share structure, which allowed him to control the company despite holding less than 1 % of its equity.

«The dual - class share [structure] will be forced to collapse,» says Higgins.

The eight members of the Beaudoin - Bombardier family — heirs of Joseph - Armand Bombardier, who invented the snowmobile — control the company through a dual - class share structure that gives class A shares, 54 % of which are owned by the family members, 10 votes apiece.

Hong Kong is eyeing several tech listings in the coming two years, including those with dual - class share structure, from Chinese firms with a combined market cap of $ 500 billion.

When Facebook staged its initial public offering six years ago, it implemented a dual - class share structure that means Zuckerberg personally controls a majority of the voting stock even though other investors own the majority of the financial value of the company.

In Hong Kong, the dual - class share structure is available only for individuals.

Xiaomi said it would have a weighted voting rights (WVR) structure, or dual - class shares.

It is expected to choose New York, where companies can use the dual - class share structure even if the founding shareholder is a company and not an individual.

When a company such as Facebook goes public with a dual - class share structure, everyone whines about how shareholder - unfriendly it is.

In effect, the non-voting shares are similar to the dual - class share structures that are more common among tech IPOs.

Richard LeBlanc, associate professor of governance law and ethics at York University, on Bombardier's dual - class share structure.

Hong Kong's stock exchange now allows applicants with dual - class share structure, altering a rule that prevented Chinese tech giant Alibaba from listing there five years ago.

The first is a familiar one: A shareholder group asked Alphabet to scrap its dual - voting structure, proposed four years ago, that clumps most voting power in Class B shares, which are primarily owned by Google co-founders and Alphabet chiefs Larry Page and Sergey Brin.

Obviously past performance of these companies does not mean they will continue to outperform in the future and the analysis does not mean that investors should only hold equities with a dual - class share structure.

Dual - class shares refer to the ownership structure of a company, where one class of shares holds some sort of voting power over the other.

This long - term point of view leads to another big defense of dual - class share structures.

The final argument in favour of a dual - class structure that we feel is worth mentioning will resonate more with a retail investor and it is simply that investors don't vote their shares in an «active» manner.

The forthcoming special meeting asks investors to again consider a repeatedly rejected dual - class share structure.

Canadian telecoms company Telus» (TSE: T) plans to end its dual - class share structure could be a «potential conflict of interest» for certain executives, according to a Canadian business academic.

Before we dig further into this issue, let's examine what a dual - class share structure is and how it impacts an investor.

A dual - class share structure essentially renders the voice of «the people» worthless but with many investors not having a particular insight or inside knowledge of a business and management having a lot of skin in the game, this might not be such a bad thing.

Unfortunately, as long as a dual - class share structure is in place, not much can be done to replace the management team.

The other argument against a dual - class share structure is really just a corollary to the previous point and that is the issue that the general shareholder's voice is not heard.

We do believe that the material outperformance of the dual - class basket does make a very strong case for holding these types of companies in a portfolio and in the least should give pause to investors that want to paint with a broad brush and ignore all companies with this share structure.

As discussed in our prior post, SGX has sought input from stakeholders on possibly allowing issuers to adopt dual class share («DCS») structures for newly listed issuers.

The Sulzberger family owns 20 % of the New York Times Co. (NYT) but controls 70 % of the board through a dual - class share structure.

But apparently this majority control isn't enough for him... Digicel will boast a dual - class share structure.

This is about sentiment — investors display little concern, for example, over poor corporate governance (like dual - class share structures) in many US tech & (social) media companies.

As for the A shares, some will argue their votes have no incremental value, since Page / Brin / Schmidt still have majority control via the super-voting power of their unlisted B shares — but if you think a dual - share structure's a bit evil, just a touch more evil might see significantly different values attached to each share class in some value - realisation event!

Hong Kong's stock exchange now allows applicants with dual - class share structure, altering a rule that prevented Chinese tech giant Alibaba from listing there five years ago.

Repeal of IRS Private Letter Ruling on REIT preferential dividends and dual - class share structures;