It was basically, make sure we've
got shareholder approval, financing in place, etc., and be able to announce it in Geneva.
The rules, which come into force on 1 October, state that directors must
get shareholder approval and set limits on what benefits are acceptable and unacceptable before accepting them.
Not exact matches
Diess said Thursday at the
shareholder meeting that company's six divisions would make their own decisions and without always
getting approval from the top.
The activist fund argues it was dilutive and the company did not
get sufficient
shareholder approval.
It plans a special
shareholder meeting to
get approval for a reverse stock split that would aim to exchange outstanding shares for a smaller number of consolidated shares, with a price in the range of C$ 10 to $ 20 each.
It seems that one half of the equity injection was subject to
shareholder approval and
shareholders thought that Warren
got his shares too cheap.
If a stock goes from $ 100 to $ 20 and then stays at $ 20 for a few years and then you offer to take it over at $ 30 - in a big, liquid stock you'll have a very real chance of
getting overwhelming
shareholder approval from an offer that wouldn't be entertained by a handful of owners of a privately held business.
As long as the non-binding proposal meets a list of qualifications and
gets approval from the SEC, it has to be placed on the company's proxy statement and voted on during the next
shareholder meeting.