Sentences with phrase «majority approval of»

It is expected to complete in the next 12 months, subject to customary closing conditions and a majority approval of IOI shareholders.

Not exact matches

While approval is not a given since the ruling coalition government led by Abe's LDP does not have a majority in the upper house of parliament, most analysts do not foresee any problems given signs this week that main opposition parties will not block the nominations.

A committee of the independent members of the board of directors has been established to review the offer, which would require approval by a majority of the minority shareholders of Sun - Rype.

An alternative would have been to make the merger subject to approval by a majority of their minority shareholders.

«The merger can not be completed without approval by holders of a majority of the outstanding shares of EMC and an abstention or failure to vote will have the same effect as a vote against the merger.»

Noble has won the backing of its senior creditors, but also needs approval from a majority of its shareholders at a special general meeting, for which a date has not been announced.

The transaction is subject to customary closing conditions, including receipt of certain regulatory approvals and receipt of a majority of Popeyes shares on a fully diluted basis in a tender offer to Popeyes» shareholders.

While Crawford's plan ultimately received the approval of an overwhelming majority of noteholders, some investors accused his committee of muddling the process for ordinary people who had put their savings into the commercial paper.

The growing opposition from major shareholders could be a big problem for Dell because in order for the company to go private, he needs the approval of the majority of shareholders, excluding his stake in the company.

Under applicable TSX rules, the transaction also requires the approval of Loblaw shareholders by majority vote, as the number of Loblaw common shares to be issued in the transaction exceeds 25 % of the total number of outstanding Loblaw common shares.

Because of the ten - to - one voting ratio between our Class B and Class A common stock, the holders of our Class B common stock collectively will hold more than a majority of the combined voting power of our common stock upon the completion of our initial public offering, and therefore such holders will be able to control all matters submitted to our stockholders for approval.

The affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of E&Y as Walmart's independent accountants for fiscal 2014; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Management Incentive Plan, as amended; and (iv) the adoption of each of the shareholder proposals.

In addition, Tesla said that any deal would be subject to approval by a majority of its disinterested shareholders.

The majority of new projects never receive approval from the Food & Drug Administration (FDA), resulting in large amounts of capital burned just to get one profitable product.

At any meeting at which a quorum has been established, the affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of EY as Walmart's independent accountants for fiscal 2016; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) the adoption of each of the shareholder proposals.

Changes to the program would require approval by a majority of provinces with majority of the population.

Conversion Rights — All convertible preferred stock will be automatically converted into common stock upon (i) the closing of an underwritten public offering of shares of common stock of the Company at a public offering price per share that provides at least $ 100 million in aggregate gross proceeds or (ii) approval of at least (a) holders of 66 % of the Series A convertible preferred stock, voting as a single class on an as - converted basis; (b) holders of a majority of the Series B convertible preferred stock, voting as a single class on an as - converted basis; (c) holders of a majority of the Series D convertible preferred stock, voting as a single class on an as - converted basis; and (d) the holders of at least a majority of the then outstanding shares of convertible preferred stock (voting together as a single class and not a separate series, and on an as - converted basis).

Morgan Stanley on September 11 announced an agreement with Citigroup to increase its majority ownership of MSWM such that Morgan Stanley will assume full control by June of 2015, subject to regulatory approval.

Conversion of preferred stock occurs automatically and immediately upon the earlier to occur of the closing of a firm commitment underwritten public offering pursuant to an effective registration statement filed covering the offer and sale of common stock in which (i) the aggregate public offering price equals or exceeds $ 25 million, (ii) with respect to the Series F convertible preferred stock only, the public offer price per share of which is not less than one times the original issue price of the Series F convertible preferred stock, (iii) with respect to the Series E convertible preferred stock only, the public offer price per share of which is not less than one times the original issue price of the Series E convertible preferred stock and (iv) with respect to the Series D convertible preferred stock only, the initial public offering price per share of which is not less than two times the original price of preferred stock, or the date specified by holders of at least 60 % of the then outstanding Series B convertible preferred stock, Series C convertible preferred stock, Series D convertible preferred stock, Series E convertible preferred stock, Series F convertible preferred stock and Series G convertible preferred stock, provided however, that in the event that the holders of at least 65 % of the then outstanding shares of holders Series G convertible preferred stock, at least a majority of the then outstanding shares of Series F convertible preferred stock or at least of 65 % of the then outstanding share of Series E convertible preferred stock do not consent or agree to the conversion, conversion shall not be effective to any shares of the relevant series of Series G convertible preferred stock, Series F convertible preferred stock or Series E convertible preferred stock for which the approval threshold was not achieved.

The Class B common board seats held currently by Ryan Graves, Arianna Huffington and Wan Ling Martello would be nominated by Khosrowshahi, but subject to approval of the majority of the board and a majority of outstanding stock.

In contrast, Delaware corporate law provides that a merger requires the approval of a majority of the outstanding stock entitled to vote.

The majority of Fannie Mae and Freddie Mac approvals went to applicants with FICOs 100 points higher, in the 700 - 749 group.

The immediate precipitator of course is Investment Canada's approval of two majority SOE investments in the oil and gas sector: the $ 5 billion acquisition of gas player Progress Energy by Malaysian SOE Petronas and the larger ($ 15 billion) acquisition of oil producer Nexen Inc. by CNOOC.

It is clearly fallacious to accept the approval of the majority as evidence for a claim.

You can relate in exhaustive detail and provide voluminous evidence that the vast majority of the 1.5 billion believers of Islam were not responsible for nor in approval of the 9/11 terrorism, and at the end of your plea for common sense, they will, with a glazed look, just repeat their criticisms of Islam as though they never heard a word.

No one needs your approval anymore than anyone needed the approval of the «majority» to abolish slavery.

The conference finally adopted several arguably peripheral constitutional amendments such as forbidding acquisition of new U.S. territory without approval by a majority of both slave - state and free - state senators, guaranteeing federal compensation for fugitive slaves when failure to return them was due to anti-slavery violence or intimidation, and restoring and perpetuating the Missouri Compromise line that once satisfied both regions but had been struck down by the Dred Scott decision.

The deal must still win the approval of a majority of Murray Goulburn shareholders and Australia's Foreign Investment Review Board.

Dr Stone said that approval could hand ADM a «stranglehold» similar to the position held by Coles and Woolworths, while Mr Coulton flagged «serious concerns» among the majority of grain growers in his seat of Parkes.

Eliminating the ban on participating in the Division I - AA playoffs would require the approval of a majority of the league presidents, which isn't likely to happen soon.

For House Democrats, approval of the bill marked a show of force a month before they cede the gavel to a new Republican majority.

For the Republicans, voters back the plan to provide sweeping tax cuts and credits to small businesses and a 46 percent approval rating of the chamber where they hold a narrow 32 - 29 majority — an unusually high number given the Legislature's historically awful reputation with New Yorkers.

With contradictory takes, she must decide whether to listen to the mischievous Earl of Leicester (John Light), the voice of the Ken Clarke - like Lord Talbot (Alan Williams), who quips to ripples of approval from the Islington audience that «a majority does not prove something is right», or the ruthless pragmatism of Lord Burleigh.

The Democrats, who continue to insist they have a shot at winning back the majority this fall despite Gov. Andrew Cuomo's approval of a gerrymandered redistricting map that benefits the GOP, remain more than $ 1 million in debt from the 2010 elections in which they lost control of the chamber.

Mr. Baako, who was reacting to the story during a discussion on Good morning Ghana on Metro TV yesterday, explained that in some cases, approval of vetted appointees are done on consensus and others not, so it was unnecessary for Nana Addo, to have gone to that extent to tell the Majority what to do considering their numbers.

State Senate Majority Leader John Flanagan (R - LI) is pushing for elimination of Cuomo's wage board, which has the power to set salaries for certain industries, in return for his chamber's approval of the plan that the governor has dubbed «Fight for $ 15» by 2021.

Mr. Cuomo's budget proposes forcing all projects receiving such funding to get the approval of the Public Authorities Control Board — the three voting members of which are himself, Mr. Heastie and State Senate Majority Leader John Flanagan — before going forward.

The Republican majority on the county legislature «joins with County Executive Curran in condemning either the solicitation or acceptance of anything of value by any county official connected with the procurement process or the approval of contracts between private vendors and the County,» said presiding officer Richard Nicolello (R - New Hyde Park).

Governor Cuomo continues to be viewed favorably by a majority of New York voters despite a job approval rating which matches the governor's lowest since taking office.

They point to his passage of an on - time budget that cut spending without provoking political warfare — a modern miracle, by Albany standards; the governor's historically high approval ratings; and polling that shows, for the first time, that a solid majority of New Yorkers support legalizing same - sex marriage.

For board approval, the lawsuit would need to acquire at least one Democratic vote, as Democrats hold a one - seat majority on the Board of Legislators.

With full support of the Republican majority, Sessions appears to be on track to win approval in the Judiciary Committee, on which he serves, and in the floor vote.

The mayor's office has said it didn't need Diaz's approval because a majority of the LRA voted in favor of the shelter plan on Nov. 23, 2010.

According to our latest NY1 - Baruch College City Poll, Cuomo still enjoys the approval of a majority of city residents — 54 percent, with just 24 percent disapproval.

An override requires approval by 60 percent of those voting rather than a simple majority vote of 50 percent.

He has boasted about his ability to work with the current Republican leadership, and has been helpful to the conference's efforts to hang onto the majority, from his approval of a majority - gerrymandered district map to his general - election endorsement of a Republican incumbent who had voted for same - sex marriage.

Nassau legislative Democrats pressed unsuccessfully Monday for a moratorium on approval of county contracts in the wake of State Senate Majority Leader Dean Skelos» arrest on federal corruption charges.

(1) The Policy Committee shall be composed of the County Leader, the Chairperson of the County Committee, the Chairperson of the Executive Committee, the Chairperson of the Policy Committee, the Vice Chairperson of the Policy Committee and one member of the Executive Committee from each Assembly District appointed by the County Leader with the approval of a majority of the Executive Committee present and voting at the meeting next held after the election of the County Leader.

The referendum required approval by 60 % of votes and simple majorities in 60 % of the 79 districts in order to pass: final results indicate that the referendum failed with only 57.7 % of votes in favor, although it did have majority support in 77 of the 79 electoral districts.

Consensus means unanimous approval, while «majority» is any level of approval more than 50 %.