Sentences with phrase «long poison pills»
This may change in future since legislative proposals are currently being considered to provide shareholders with the right to decide how long poison pills will remain in effect, and the regulators would intervene only in extraordinary circumstances.
http://www.canadianlawyermag.com/ Not exact matches
Martin Lipton, the corporate lawyer best known for helping managers stay in control with so - called poison pills, says dual - class shares ward off «myopic activists» — hedge - fund managers and buyout specialists who aim to drive up share prices in the short term yet harm the company's long - term interests.
The occasional request for activism aside, you basically do straightforward, passive, long - only investing, and so you're not necessarily set up to parse, or litigate over, poison pills.
No long - term management contracts and no poison - pill termination fees.
New York City's housing commissioner lambasted a proposal from Gov. Andrew Cuomo to alter the process of allocating affordable housing bonds as a «poison pill» and said the long - standing way of doing things was working fine.
For the third time, de Blasio, who has sought long - term extensions of his control of city schools, is facing hostility from Senate Republicans who have attached poison pills to the extension — namely, the raising of the cap on charter schools in the city.
Being critical of many aspects of traditional publishing (the agent requirement, horrible contracts with more poison pills in them than you'd find in a bottle of arsenic, lack of appreciation for long - tail backlist sales) doesn't mean that the critic is beating up on authors who prefer that system, or who are contract bound into that system.
We find the poison pill to be disrespectful and offensive, given our substantial ownership position and our long history with the Company.
The Circon case comes with a video that professors can purchase that not only features a wonderful policy discussion on the use of the poison pill by a panel of corporate governance experts, including Judge Jack Jacobs, then Vice Chancellor of the Delaware Chancery Court, but also showcases the two main characters in the case study, the CEO and his long - time friend and fellow Circon board member, presenting their perspectives on the events that transpired.
A central element of the rule changes was to extend the old 35 - day minimum bid period to 105 days, longer than regulators had historically tended to permit poison pills to endure.
The (previously untested) widespread expectation was that regulators would have less tolerance for poison pills adopted in the face of hostile bids with the mandated longer bid period.