The Texas Act would also apply to any proxy advisory firm that «publishes or otherwise provides an analysis or a recommendation to one or more shareholders» of a Texas - based public company concerning a nomination to the board or a shareholder
proposal of an activist investor.
Not exact matches
One
of Adamczyk's first big tests will be his handling
of activist investor Dan Loeb's
proposal that Honeywell spin off its aerospace unit, where margins have risen, but sales growth has lagged.
Activist investor Carl Icahn has spearheaded opposition to the bid and presented a
proposal of his own with Southeastern Asset Management Inc., although this will not go to a vote on Thursday.
Investor activist Carl Icahn has submitted an advisory
proposal asking Apple to increase the size
of its stock buyback program in 2014 to $ 50 billion.
All plans, intentions, motives, strategies, and objectives
of the shareholder with respect to becoming an
activist investor and with respect to the nomination or shareholder
proposal;
The Texas Act would apply to any person who (i) beneficially owns any securities
of a «Texas - based public company» (defined as a publicly traded company whose «headquarters» are located in Texas) and (ii) is an «
activist investor» (defined as any person who directly or indirectly nominates or attempts to nominate directors or makes or attempts to make a shareholder
proposal with respect to the company).
Might some
activist investors try some more severe
proposals of this sort?