Sentences with phrase «minority shareholder approval»
On Wednesday, Chancellor Leo Strine of Chancery Court gave companies a powerful incentive to build both independent board review and minority shareholder approval into the going - private process, writing new law that should boost shareholder protections.
http://www.professorbainbridge.com/ Not exact matches
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.
Gawker, it turns out, plans to sell a minority stake to Columbus Nova, pending approval from Gawker's shareholders, to finance the company's ongoing legal fight with Terry Bollea, also known as Hulk Hogan.
The most prurient aspect of the dispute concerned the allegations by CanniMed's special committee that the locked - up shareholders had been heavily involved with Aurora and others in orchestrating and facilitating the Aurora bid, such that the locked - up holders should be considered «joint actors» (this characterization would have significant disclosure implications and make the bid more difficult by excluding those shares from the 50 - per - cent minimum tender condition and from any minority approval of a subsequent acquisition transaction).
Obtaining the approval of minority shareholders for a financing or reorganization of a startup can prove challenging.