Sentences with phrase «rejected by shareholders»

Most recently, Galego impressed by overseeing the legal aspects of the potential sale of Pacific to a large Mexican company in a transaction that would have amounted to $ 7bn, with the transaction ultimately being rejected by shareholders in July 2015.

Most recently, Volk oversaw the legal elements of the potential sale of Pacific to a large Mexican company in a transaction that would have amounted to $ 7bn, with the transaction ultimately being rejected by shareholders in July 2015.

Not exact matches

Seven Group Holdings has upped its takeover bid for National Hire Group, after its initial offer of $ 3.00 per share was rejected by the target's major shareholder, Tasmania - based Caterpillar dealer Da

Broadcom said its $ 121 billion acquisition proposal for Qualcomm is the «best and final» offer after the target's board unanimously rejected the sweetened bid, likely leaving the future of the hostile takeover bid to be decided by shareholders next month.

Last year, Rouse Properties, another U.S. mall owner, rejected an offer by Brookfield Property, its largest shareholder, only to subsequently agree to a sweetened $ 2.8 billion offer.

By the end of the day, Perrigo had basically reached the same conclusion: Just after U.S. markets closed at 4 p.m. on Tuesday, Perrigo announced that its board of directors unanimously rejected Mylan's bid, saying it «substantially undervalues» the company and is not in its shareholders» best interests.

The Board must accept or reject such resignation within 90 days following certification of the shareholder vote in accordance with the procedures established by the Bylaws.

Lagardere shareholders reject activist demandsShareholders in Lagardere SCA (MMB.FR) voted Thursday against motions proposed by activist investor Amber Capital to change the group's corporate governance.

Berkshire Hathaway's bid to buy a fifth more of Home Capital was rejected by the Canadian lender's shareholders.

AWE also recommended shareholders reject a rival A$ 0.73 a share bid by China Energy Reserve and Chemicals Group.

ITV News Business Editor spoke to AstraZeneca shareholder and fund manager Neil Woodford this evening, who said he was «delighted by the resolve of the board» and happy with their decision to reject the takeover bid.

However, by rejecting our proposal to provide a downside guarantee, the Board has indicated its willingness to place its remaining cash at continued risk, without shareholder consent.

Home Capital Group Inc. officials pledged to continue rebuilding the battered mortgage lender Tuesday after shareholders overwhelmingly rejected a second investment in the company by Warren Buffett's Berkshire Hathaway at a price below the current share value.

As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad healthcare company experience supported by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly paid but that has produced no deals for the shareholders to consider or for any outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its fiduciary duties to shareholders.

Significant progress in reducing emissions and limiting climate change could be achieved if companies 1) unequivocally communicate to the public, shareholders, and policymakers the climate risks resulting from continued use of their products, and therefore the need for restrictions on greenhouse gas emissions consistent with the 2 °C global temperature target; 2) firmly reject contrary claims by industry trade associations and lobbying groups; and, 3) accelerate their transition to the production of low - carbon energy.

Although American - style shareholder primacy was firmly rejected by the Supreme Court of Canada in BCE Inc. v. 1976 Debentureholders, shareholders can certainly be one of the stakeholder interests considered.

Today, by a 5 - 3 vote, the Supreme Court decided Stoneridge Investment Partners v. Scientific Atlanta, rejecting the concept of «scheme liability» that would have allowed shareholders to sue third party advisers who may have facilitated the fraudulent transactions.

It also rejected the argument that a multiple derivative action comprises two derivative actions (one by the shareholders on behalf of the parent company against the subsidiary for its failure to sue the wrongdoers and one by the parent company on behalf of the subsidiary against the wrongdoers), neither of which was maintainable (the first because the subsidiary owed the parent no duty to sue the wrongdoers and the second because the parent company was in control of the subsidiary).

theEweekly Wrap: Concern from Twitter shareholders, Facebook celebrates 10th anniversary and Apple rejects Bitcoin wallets via The E Word, written by Danielle Middleton

The justices provided no comment on why they rejected appeals filed by Perry Capital LLC, Fairholme Funds and other Fannie and Freddie shareholders.