Sentences with phrase «of substantial shareholder»
A dispute between Tap Oil and one of its substantial shareholders has escalated after the operator of the company's flagship Manora oil development served joint operator Northern Gulf Petroleum with a $ 35 million default notice.
https://www.businessnews.com.au/ Not exact matches
Soon - to - be renamed Malagasy Minerals has welcomed Regis Resources as a substantial shareholder as the company completes its acquisition of the Karlawinda gold project near Newman, while also announcing the appointment of local gold mining executives to its board.
Perth - based mining services group Ausdrill has become a substantial shareholder in Titan Energy Services after subscribing for nearly $ 1 million worth of shares in the Brisbane firm's capital raising last week.
«We are excited about this transaction with Apollo, as it recognizes the value of CEC's global brand, strong cash flows and growth prospects while providing our shareholders with an immediate and substantial premium,» Michael H. Magusiak, the chief executive of CEC, said in a statement.
Australia Executor Trustees became a Substantial Shareholder with a Relevant Interest of 6,184,591 ordinary shares (11.61 %).
Manikato Financial Services Ltd became a substantial shareholder with a relevant interest of 3,430,000 ordinary shares (6.06 %)
Hardman Resources Ltd 15 - Sep - 05 Westpac Banking Corporation became a substantial shareholder with a relevant interest of 34,831,592 ordinary shares (5.29 %).
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
The real «fix» on the balance sheet came from a series of substantial equity raises and getting Husky's «supportive» majority shareholders to take their dividend in the form of shares instead of cash for a year.
As for the problem of redemptions, there were, as had been feared, a large number of mutual - fund shareholders who demanded millions of dollars of their money in cash when the market crashed, but apparently the mutual funds had so much cash on hand that in most cases they could pay off their shareholders without selling substantial amounts of stock.
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.
Shoppers Drug Mart shareholders, who will own approximately 29 % of the combined company, stand to benefit from substantial upside over the long - term, driven by the combined company's strategic position and achievement of full run - rate synergies.
Of all the goals, the worst for shareholders is, ironically, «Do at least one significant deal that creates substantial shareholder value» because there was no accountability for the amount management would pay for acquisitions.
«It is clear that the governance of Viacom and CBS, both substantial publicly - traded companies, hangs in the balance, as do the interests of those companies» shareholders and employees,» Dauman and Abrams said in their lawsuit.
Based on expectations that shareholders would demand a 35 percent premium to GM's market capitalisation, FCA would need to pay about $ 77 billion in an all - stock transaction in the event of a hostile bid, the sources said, adding that GM shareholders would likely demand a substantial payout.
Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect to the Merger; the substantial level of government regulation over our business and the potential effects of new laws or regulations or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such as Medicare; the effectiveness and security of our information technology and other business systems; unfavorable industry, economic or political conditions, including foreign currency movements; acts of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required for the Merger or the requirement to accept conditions that could reduce the anticipated benefits of the Merger as a condition to obtaining regulatory approvals; a longer time than anticipated to consummate the proposed Merger; problems regarding the successful integration of the businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability to retain key personnel; the availability of financing, including relating to the proposed Merger; effects on the businesses as a result of uncertainty surrounding the proposed Merger; as well as more specific risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com as well as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.
On the other hand, if the bidder is defeated by incumbent management, target shareholders are deprived of a substantial premium for their shares.
Upon his death or inability to manage Berkshire, no member of the Buffett family will be involved in managing Berkshire but, as very substantial Berkshire shareholders, the Buffett family will assist the Board of Directors in picking and overseeing the CEO selected to succeed Mr. Buffett.
Standard Life Aberdeen may return unit sale cashStandard Life Aberdeen PLC (SLA.LN) said Thursday that it is considering retuning a substantial amount of capital to shareholders from the 2.93 billion pound ($ 3.99 billion) sale of its insurance unit to Phoenix Group Holdings (PHNX.LN).
«For more than a decade eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value.
Takeaways include features of the Berkshire System from the shareholders» viewpoint: (1) Berkshire is unusually congenial to taxable shareholders, enhancing compounding rates considerably; (2) Berkshire's internal cultural features such as autonomy, decentralization, and permanence help attract sellers of high - quality companies to selll to Berkshire at reasonable prices with managers who stay on and become substantial shareholders; and (3) There is a close symbiotic connection between features (1) and (2) that reinforces Berkshire's high compounding rate and long time horizon.
New York Stock Exchange — May 20, 2016 After receiving overwhelming support for its compensation program in the wake of substantial structural and disclosure - related changes announced ahead of the Company's 2015 annual meeting, shareholders must now consider whether these structural features, however robust, can ultimately be expected to reign in compensation that is routinely granted at levels far exceeding peer levels.
London Stock Exchange — May 17, 2016 Regus plc has seen substantial growth in recent years, resulting in its positioning at the higher end of the FTSE 250 and exceptional returns to shareholders over each of the past five years.
Takeaways include features of the Berkshire System from the shareholders» viewpoint: (1) Berkshire is unusually congenial to taxable shareholders, enhancing compounding rates considerably; (2) Berkshire's internal cultural features such as autonomy, decentralization, and permanence help attract sellers of high - quality companies to sell to Berkshire at reasonable prices with managers who stay on and become substantial shareholders; and (3) There is a close symbiotic connection between features (1) and (2) that reinforces Berkshire's high compounding rate and long time horizon.
When the plan is triggered, existing shareholders, other than an acquiring entity, could buy preferred shares at a substantial discount, thereby diluting the stake of any acquiring company and making a takeover more expensive.
Says Hindalco Industries became a substantial shareholder of Metals X with a 6.81 % stake.
Last week, Icahn sent a letter to the company revealing that he had accumulated a «substantial» number of shares, and proposing an alternative deal that would pay a large cash dividend back to shareholders.
Standard Life Aberdeen PLC (SLA.LN) said Thursday that it is considering retuning a substantial amount of capital to shareholders from the 2.93 billion pound ($ 3.99 billion) sale of its insurance unit to Phoenix Group Holdings (PHNX.LN).
All IRC section 501 (c)(3) organizations, including churches and religious organizations, must abide by certain rules: ■ their net earnings may not inure to any private shareholder or individual, ■ they must not provide a substantial benefit to private interests, ■ they must not devote a substantial part of their activities to attempting to influence legislation, ■ they must not participate in, or intervene in, any political campaign on behalf of (or in opposition to) any candidate for public office, and ■ the organization's purposes and activities may
In contrast to your board of directors (the «Board»), which has taken — and will continue to take — substantial steps to further drive high performance and long - term profitable growth at your Company, this dissident group has offered no specific plan to enhance shareholder value and is proposing to install as CEO a candidate with no experience managing a public company and no C - suite experience at any company.
The vote was another sign of discontent among shareholders of the controversial company K12 Inc., with governance advisory firm Glass Lewis & Co. citing a «substantial disconnect between compensation and performance results» in its recommendation that shareholders vote against the pay proposal.
In both cases, shareholders could stand to reap potentially substantial upside derived from the monetization of Avigen's remaining assets and could finally stop worrying about whether the Company will destroy its substantial cash value.
Both AGNC and NLY use a substantial amount of leverage to boost shareholder returns.
Does the business produce substantial amounts of excess capital, and does management treat shareholders well?
It is also possible for the fund to suffer substantial investment losses and simultaneously experience additional asset reductions as a result of its distributions to shareholders under its managed - distribution policy.
With Caterpillar's history of increasing its dividend, its shareholders can look forward to a substantial bump in the total return of the stock for as long as the shares are owned.
Given that the company is now in hibernation mode and a sale or liquidation is imminent, however — and the strong argument the dissidents have presented that shareholders face substantial risk if the board will not guarantee downside protection for their liquidity option — we believe shareholders would be best served by replacing the incumbent board with the dissident slate of nominees.»
We believe CTO is trading at a massive discount to the value of its underlying assets and that a liquidation or substantial asset sale is in the best interests of the CTO shareholders.
It's also possible for the fund to suffer substantial investment losses and simultaneously experience additional asset reductions as a result of its distributions to shareholders under its managed - distribution policy.
Once (or should I say if) this pension / labour dispute is put to rest, I'd actually expect a rapid & substantial improvement in shareholder value — this might be a substantial return of capital or a tender offer (to distribute surplus cash), and / or a potential new partnership or even a takeover offer..?!
As previously disclosed on October 23, 2009, in conjunction with the sale of a substantial portion of the assets of D.A.W., Inc. («DAW»), a wholly owned subsidiary of Nyer Medical Group, Inc. («Nyer»), to Walgreen Easter Co. (the «WAG Transaction) and the sale of the stock of DAW to certain management investors (the «DAW Stock Transaction»), the Board of Directors of Nyer approved the liquidation and dissolution of Nyer pursuant to a Plan of Dissolution (the «Plan of Dissolution»), subject to obtaining shareholder approval of the WAG Transaction, the DAW Stock Transaction, and the Plan of Dissolution (the «Transactions»).
Or his frustration that a majority of shareholders» capital remains tied up in TAF, when it would be far more profitably (re --RRB- deployed into funding a substantial tender offer?
Over the past 24 months, Warren Buffett's insurance and investing conglomerate Berkshire Hathaway, has become one of Apple's largest shareholders and Apple has become Buffett's most substantial dollar value investment.
I also have purchased on reading of the Forager investment newsletters a parcel of shares in MPW, which you have recently become a substantial shareholder.
Even when a fund manages to beat the market in a given year, expenses often eat up a substantial portion of its returns, leaving little net profit for shareholders.
Even with very modest sales growth, a dedicated focus on margins, cash flow, and frequent & substantial returns of capital (via buybacks & tenders), will almost invariably produce superior long - term shareholder returns.
iii) A substantial return of capital: At the recent AGM, the board stated it's now «actively considering, subject to the requirements of the Group's businesses, a return of capital to its shareholders» — share tender offer (s) & an expansion of its ongoing buyback programme are the best way to enhance value here.
Noting the breadth of shareholder support I have received to date, I believe this perspective is shared by a substantial majority of Argo's external shareholder base, and I expect this letter will attract new support.
* Entrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors, which shows that the filing of a 13D notice by an activist hedge fund is a catalytic event for a firm that heralds substantial positive returns in the stock.
First, re-set the company's capital structure with share repurchases: Use available cash & a conservative level of debt to make a substantial return of capital to shareholders via a tender offer.