Sentences with phrase «new shareholders of the company»

Not exact matches

So Viacom's new chairman is not only unloved by some large shareholders, but also unloved by his own vice-chairman, the daughter of the company's controlling shareholder and one of the people who will direct Redstone's assets after his death.

May 1 - Jacob Jacobson agreed to resign as Xerox Corp's chief executive as part of a settlement of a lawsuit brought by the company's shareholders that raised questions over Xerox's agreed deal with Japan's Fujifilm Holdings Corp, a New York court filing showed on Tuesday.

Wesfarmers shareholders have delivered a mild rebuke to their board of directors, delivering a protest vote against a new share options scheme but supporting the company's remuneration report.

As proxy season gets underway, some early, behind the scenes discussions between shareholders and companies are exhibiting a welcome break from the past: a new tone of respect.

That was chief executive Thorsten Heins's message at the annual shareholders meeting in Ontario today, as he tried to defend the company's trajectory after sales of the new BlackBerry 10 line of smartphones fell well below analyst expectations.

Similarly, Avigilon founder Fernandes's previous startup, QImaging, was snapped up by a large New York Stock Exchange??? listed conglomerate for $ 20 million in 2002, enabling him to become «the biggest and major shareholder of the company» this time around.

The statement said 3G Capital, the majority owner of Burger King, would continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.

However, Dorsey could have just as easily had the company issue a new block of six - to - seven million options for employees that would have been dilutive to shareholders.

MOSCOW, April 30 - SUAL Partners, a co-owner of Russian aluminium producer Rusal, said on Monday that Rusal's board and shareholders needed to start work as soon as possible on a new strategy after the company was hit by U.S. sanctions.

LONDON / NEW YORK / TOKYO, April 25 - Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $ 64 billion offer from Japan's Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company since 2000..

EQT said shareholders will receive a pro rata share of the new company.

The new wave of shareholders are likely to insist on ever - growing profits — this at a time when many people are expressing doubts about the company's room for growth.

The corporate trail leads to a clutch of other «Euro Forex» companies in Britain and New Zealand, held in the names of company formation agents, nominee directors, or offshore shareholders.

Valor reported that under the proposal Boeing would pay Embraer in cash when the commercial assets are transferred to the new company, with most of the proceeds then distributed to shareholders as dividends.

«By moving ahead with the tax - free spin - off of the midstream business and merging EQM and RMP — following the previously announced addition of two new directors with midstream experience — we believe the Company has put itself on the best path forward for itself and all shareholders,» Quentin Koffey, portfolio manager at D. E. Shaw, said in a statement.

She's also CEO of Rittenhouse Rankings, a New York consultancy that helps executives of listed companies build trust with shareholders.

«The completion of the BG transaction, which we are expecting in a matter of weeks, will mark the start of a new chapter in Shell, to rejuvenate the company, and improve shareholder returns,» Shell Chief Executive Ben van Beurden said in a statement on Wednesday.

Under the new system, statements which UK companies file when they are set up and on each anniversary of that date showing changes in shareholders or directors are supposed to include details of «Persons with significant control (PSC).»

The report from proxy advisory group Institutional Shareholder Services (ISS), called «Gender Diversity on Boards: a Review of Global Trends,» shows that the number of females among new board nominees at the largest U.S. companies has been steadily climbing in recent years.

With the board's blessing, the company will issue a new non-voting class of shares to existing shareholders.

In a joint statement, the two companies said Wednesday that Deutsche Telekom AG, the owner of T - Mobile USA, will hold 74 percent of the new business, while MetroPCS's shareholders will hold the remainder, as well as receiving a payment of about $ 1.5 billion.

He structured his new firm in a completely novel way — as a «mutual mutual fund,» or an investment company that would be owned by its member funds and operated wholly in the interest of its shareholders.

That would free management to pursue new avenues that could prove to be in the best interests of the company and its shareholders, such as splitting up the aviation and transportation divisions.

SABMiller's strategic shareholders, who hold 41 % of the company's stock, would receive a lower offer worth 37.49 a share paid overwhelmingly in the form of a new class of unlisted share with a five - year lock - up period (a premium of only 28 %).

The Federal Court of Australia has ordered a meeting of Aquila Resources Ltd's shareholders in October to consider the «scheme» for the demerger of certain of the company's exploration interests in new company Aquila Exploration Limited.

The statement of claim also alleges that Ferro massively diluted the existing shareholders by issuing Soon - Shiong shares worth about 13 % of the company (Tribune says «The stock sales to Merrick Media and Nant Capital were approved by the Board of Directors and will provide valuable growth capital to allow the company to execute on its new value - creating business plan).

While no new directors have been nominated, shareholders who've owned 3 % or more of the company's outstanding shares continuously for three years did win the right — widely known as proxy access — to nominate board directors at this year's annual meeting.

NEW YORK --(BUSINESS WIRE)-- The board of directors of Pfizer Inc. today declared a 34 - cent second - quarter 2018 dividend on the company's common stock, payable June 1, 2018, to shareholders of record at the close of business on May 11, 2018.

Known as the limited - liability company (LLC), this structure offers the best of all corporate worlds for many new businesses: personal - asset protection (normally available only to shareholders of C corporations), elimination of corporate - level taxes (a benefit normally reserved for partners or S - corporation owners), and flexible ownership rules (which S corporations in particular lack).

The new company expects to create substantial value for T - Mobile and Sprint shareholders through an expected $ 6 + billion in run rate cost synergies, representing a net present value (NPV) of $ 43 + billion, net of expected costs to achieve such cost synergies.

Cook said at the company's annual shareholder meeting earlier this week that the public won't ever be allowed to see the inside without an Apple badge, and authorities have been called for at least one trespassing complaint in the early days of the new headquarters, according to the records.

Thus for denying shareholders a premium valuation that would have been higher than the entire industry, and the opportunity to have a stake in a new company with incredible earnings potential, Coppola now tops Cramer's Wall of Shame.

Apple's stock buyback, announced as the company released its quarterly earnings on Tuesday, fits into the trend of companies using the windfall from the new tax law to reward shareholders.

Shareholder representative Chen Chen said there existed a «chronic illness» typical of new economy internet firms under the previous LeSports administrative structure but the committee will ensure the company grows at a stable but rapid pace and avoids risk, according to the statement.

But instead of plowing those profits back into new investments, a lot of companies have chosen to give cash to their shareholders via buybacks or dividends.

LONDON / NEW YORK / TOKYO Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $ 64 billion offer from Japan's Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company since 2000.

New rules will require CBCA companies — about 40 % of companies listed on the TSX — to hold an election for their entire board of directors annually, vote for each director individually and, most importantly, use uniquely crafted majority - voting rules that only let shareholders vote «no» or «yes» for a director, eliminating the use of «withhold» votes which is standard practice under existing TSX rules.

Presumably, from a shareholder point of view, both TW and TRB would want to maximize the chances of both new companies prospering and rewarding shareholders.

Several other major Uber shareholders, though, have been pressed to sell some of their position in the company by Uber's new CEO Dara Khosrowshahi.

Dell and shareholders at Silver Lake will own approximately about 70 percent of the new entity's common equity, the companies said in a statement.

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.

Presumably, if it were unable to pry loose Michael Ferro's grasp of the company before then, it could give shareholders still desirous of cashing out a new group of board member choices.

Peck wrote in a report earlier this month that unless Mayer has the support of senior executives, employees, partners, and investors, then «a seamless transition to new leadership could be in the best interest of the company and shareholders.»

The new law carves out a brand - new tax deduction for owners of pass - through entities, including partners in partnerships, shareholders in S corporations, members of limited liability companies (LLCs) and sole proprietors.

Notably, the new law carves out a brand - new tax deduction for owners of pass - through entities, including partners in partnerships, shareholders in S corporations, members of limited liability companies (LLCs) and sole proprietors.

However, for stock market companies, simply creating new shares or issuing stock options by fiat that are given away to employees without the company selling them at full value, existing shareholders would experience an economic dilution in profits (dividends) per share going down because of a larger number of shares and, importantly, in economic value, being given away (shares of the company are literally being simply granted to someone else, namely employees).

At Tribune Publishing's annual shareholder meeting, which was closed to the press, the company elected a new board of directors.

Facebook scrapped plans to create a new class of shares that would have allowed Zuckerberg to sell almost all of his stock without losing voting control of the company, a move that aggrieved some shareholders.

Price executives talked with shareholders about performance during the company's annual meeting, held in one of its new buildings in Owings Mills.

As we ring in a new year, we believe we have built a portfolio of high quality companies that will provide our shareholders with attractive returns over the long term.