The Board determined that the Compson proposal was inadequate and that continuing to implement the company's long - term business plan would
maximize stockholder value.
Autobytel looks forward to working with all of our stockholders to
maximize stockholder value.»
The company also seemed to us to be taking steps to realise that value, publicly announcing that it has appointed a special committee of independent directors to «review strategic alternatives to
maximize stockholder value.»
Over the weekend of March 20 - 22, 2009 Avigen's advisors and BVF discussed a proposal by Avigen to work together to
maximize stockholder value.
To that end, we are pleased to report good progress in our process of considering strategic alternatives to
maximize stockholder value.
Please join our campaign to
maximize stockholder value by voting the enclosed GOLD proxy card today.
New leadership is needed to prevent further erosion of each stockholder's investment in Avigen, as well as to take advantage of opportunities that exist to
maximize stockholder value.
A brief synopsis of Avigen corporate history as well as our recent efforts to
maximize stockholder value is summarized in the following chronology of events leading up to this proxy solicitation:
These provisions are intended to avoid costly takeover battles, reduce our vulnerability to a hostile change in control or other unsolicited acquisition proposal, and enhance the ability of our board of directors to
maximize stockholder value in connection with any unsolicited offer to acquire us.
We are concerned that management and the Board are more concerned with retaining their jobs and compensation than with
maximizing stockholder value.
We are concerned that management and Board members are more concerned with retaining their jobs and compensation than with
maximizing stockholder value.
Not exact matches
By contrast, Delaware Chancery Court Judge Leo Strine, now chief justice of the state Supreme Court, wrote in the Wake Forest Law Review: «Corporate law requires directors, as a matter of their duty of loyalty, to pursue a good faith strategy to
maximize profits for the
stockholders.»
Annie's said «partnering with a company of General Mills» scale and resources» will
maximize value for
stockholders and help it to expand intonew channels and product lines.
«The Qualcomm Board is committed to
maximizing value for Qualcomm
stockholders, whether that be through executing its growth strategy or selling the company.
BVF URGES AVIGEN BOARD TO CALL SPECIAL MEETING SO
STOCKHOLDERS CAN VOTE FOR DIRECTORS COMMITTED TO MAXIMIZING VALUE AND MINIMIZING RISK AND WASTE NEW YORK, February 6, 2009 — BVF Acquisition LLC (the «Purchaser»), an affiliate of Biotechnology Value Fund L.P. («BVF»), announced today that it is gravely concerned that today's announcement by the Board of Directors of Avigen, Inc. (NASDAQ: AVGN) that it is considering «strategic alternatives» is silent on downside protection for all s
STOCKHOLDERS CAN VOTE FOR DIRECTORS COMMITTED TO
MAXIMIZING VALUE AND MINIMIZING RISK AND WASTE NEW YORK, February 6, 2009 — BVF Acquisition LLC (the «Purchaser»), an affiliate of Biotechnology Value Fund L.P. («BVF»), announced today that it is gravely concerned that today's announcement by the Board of Directors of Avigen, Inc. (NASDAQ: AVGN) that it is considering «strategic alternatives» is silent on downside protection for all
stockholdersstockholders.
It is our hope that
stockholders who share our concerns will be empowered to voice these concerns by removing the current Board and replacing them with directors who are serious about
maximizing value and minimizing risk for all
stockholders.»
As a mutual organization, the company's primary focus is on
maximizing policyholder value, rather than
stockholder value.
The company is operated in such a way as to
maximize the profits for policyholders and not
stockholders.
BVF supports Avigen's decision, albeit a late one, and intends to work constructively with the Board to
maximize the return to
stockholders.
Their best intentions, however, are handicapping the Board's effort to
maximize value for BVF and all
stockholders and now risk losing several written proposals by recommending removal of the full Board.
A mutual insurance company is structured so that the main focus is on policyholders and clients, rather than on
maximizing profits for
stockholders.
«We believe that this merger transaction with OXiGENE represents an excellent strategy to
maximize the value of VaxGen's remaining tangible and intangible assets and to provide our
stockholders with the opportunity to participate in OXiGENE's potential success as a leader in the development of promising new agents for cancer and eye diseases,» said James Panek, President of VaxGen.
Mr. Tang has expressed his opinion and proposed to [VNDA] and its Board of Directors that in order to
maximize value for all
Stockholders, [VNDA] must cease operations immediately, liquidate [VNDA]'s assets and distribute all remaining capital to the
Stockholders.
In light of the foregoing, and in order to preserve and
maximize the diminishing value of the Company's assets for the benefit of all
stockholders, Tang Capital has nominated Kevin C. Tang and Andrew D. Levin, M.D., Ph.D. for election to the Board at the Annual Meeting and proposed a
stockholder resolution to be voted on at the Annual Meeting whereby the
stockholders will request that the Company cease operations immediately, liquidate the Company's assets and distribute all remaining capital to the Company's
stockholders.
We believe that a high - premium, all - cash tender offer is the most effective way to
maximize value for all
stockholders.
In light of the foregoing, and in order to preserve and
maximize the diminishing value of [VNDA]'s assets for the benefit of all
Stockholders, the Reporting Persons determined to nominate certain individuals to be elected to [VNDA]'s Board of Directors at the 2009 Annual Meeting of
Stockholders, and propose certain resolutions to [VNDA]'s
Stockholders, as discussed in more detail below.
We believe that in order to
maximize value for all
stockholders, the Company must cease operations immediately, liquidate the Company's assets and distribute all remaining capital to the Company's
stockholders.
Remember, the # 1 objective of most media outlets (ie the ones that are corporate > is to
maximize the wealth of the
stockholders, not make editorial decision about climate scientists» credibility.
However, you can
maximize this by working with a mutual company a mutual life insurance company is when the policyholders have part ownership opposed to a regular company where
stockholders are shareholders.
The company is operated in such a way as to
maximize the profits for policyholders and not
stockholders.
A mutual insurance company is structured so that the main focus is on policyholders and clients, rather than on
maximizing profits for
stockholders.
As a mutual organization, the company's primary focus is on
maximizing policyholder value, rather than
stockholder value.
«These opportunities are challenging as a standalone public company, and there are clear merits to exploring a path to take the company private in order to
maximize the company's long - term performance, deliver superior value to all
stockholders, and bolster a critical contributor to American technology.»