Sentences with phrase «shareholder base by»

It also impacts the control of the deal, as it reshuffles the future preferred shareholder base by insuring only the committed investors continue to have preferred stock (and the corresponding rights).

Buffett can influence a stock price or even the makeup of a broader shareholder base by putting his stamp of approval on a company, or removing it.

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

Subiaco - based gold producer Northern Star Resources will become Alchemy Resources» largest shareholder by purchasing the company's Hermes deposit in the Bryah Basin for $ 1.45 million.

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.

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $ 15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

Beijing - based China Oceanwide — described by Genworth President & Chief Executive Officer Tom McInerney as «an ideal owner» going forward — is also the controlling shareholder of Hong Kong - listed China Oceanwide Holdings, worth about $ 1.6 billion by market value.

Shareholders of Africa - focused Papillon Resources voted almost unanimously in favour of a $ 615 million takeover by Canadian - based B2Gold at a scheme meeting held this morning.

Perth - based Amcom Telecommunications has pushed back its scheme meeting to vote on the Vocus Communications takeover deal by two weeks, after Sydney competitor and Amcom's major shareholder TPG Telecom yesterday said it would vote against the proposal.

The Bay, which owns Zellers, was a public Canadian company until its takeover by a U.S. - based shareholder in 2006.

This week the U.S. Treasury asked Qualcomm to postpone by 30 days an annual shareholder meeting that could have resulted in the company's hostile takeover by Broadcom, a Singapore - based rival.

The Perth - based explorer led by the experienced oil and gas duo of Alan Stein and Jonathan Taylor advised that the boards of TSV Montney and TMK Montney had signed bid implementation agreements in which they unanimously recommend shareholders accept Calima's offers, in the absence of a superior proposal.

Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based on sexual orientation and gender identity»; a policy articulating Exxon's «respect for and commitment to the human right to water»; «a report discussing possible long term risks to the company's finances and operations posed by the environmental, social and economic challenges associated with the oil sands»; a report of «known and potential environmental impacts» and «policy options» to address the impacts of the company's «fracturing operations»; a report of recommendations on how Exxon can become an «environmentally sustainable energy company»; and adoption of «quantitative goals... for reducing total greenhouse gas emissions.»

The special committee, which was formed to independently assess what the best option for Dell shareholders is, came to that conclusion based on its meetings with investors as well as concerns over a key upcoming recommendation by investment advisory firm ISS, the person said.

Following Matrix's listing, which is underwritten by stockbroker DJ Carmichael, Majestic will be paid $ 5 million for its assets on a staged payment basis, while Murchison shareholders will be offered in - specie shares — to the value of $ 5 million — in Matrix.

Kelly received a raise of only 25 % in 2014, based on figures provided to Fortune by Equilar, despite delivering a total stockholder return of more than 126 % to shareholders.

The dissident shareholder has nominated four directors to be elected to Crescent Point's 10 - director board on Friday, a move opposed by the Calgary - based company.

In no case, except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders, will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principles.

For one ranking we used a regression based on total shareholder return (TSR) conducted by HIP Investor.

Asked how long it might be before a blockchain - based system could be used by a major corporation for a shareholder meeting, Kotsialou reluctantly estimated five years, but she made no promises.

Shares that are properly voted by the Internet or telephone or for which proxy cards are properly executed and returned will be voted at the Annual Meeting in accordance with the directions given or, in the absence of directions, will be voted in accordance with the Board's recommendations as follows: «FOR» the election of each of the nominees to the Board named herein; «FOR» the ratification of the appointment of our independent auditors; «FOR» approval, on an advisory basis, of our executive compensation as described in this Proxy Statement; and «AGAINST» the shareholder proposal.

^ The Fund's investment adviser, SSGA Funds Management, Inc. (the «Adviser» or «SSGA FM»), is contractually obligated until December 31, 2018 (i) to waive up to the full amount of the advisory fee payable by the Fund, and / or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of average daily net assets on an annual basis.

L. (Sept. 1, 2014), http://us.practicallaw.com/4-578-4485 [http://perma.cc/8XRK-A4YL](«It appears that ISS negative vote recommendations based on the perceived lack of board responsiveness to shareholder concerns (as evidenced by the failure to implement a successful shareholder proposal) was the leading factor associated with directors who failed to receive a majority of votes cast in an uncontested election in 2014.»)

^ The Fund's investment adviser, SSGA Funds Management, Inc. is contractually obligated until April 30, 2019 (i) to waive up to the full amount of the advisory fee payable by the Fund, and / or (ii) to reimburse the Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 % of average daily net assets on an annual basis.

^ The Fund's investment adviser is contractually obligated until April 30, 2019 (i) to waive up to the full amount of the advisory fee payable by the Fund and / or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.13 % of average daily net assets on an annual basis.

Shareholders did not back a proposal by the New York State Common Retirement fund requesting the bank to explain whether and how it has identified employees or positions «eligible to receive incentive - based compensation that is tied to metrics that could have the ability to expose Wells Fargo to possible material losses.»

Shares that are properly voted via the Internet, mobile device, or by telephone or for which proxy cards are properly executed and returned will be voted at the Annual Meeting in accordance with the directions given or, in the absence of directions, will be voted in accordance with the Board's recommendations as follows: «FOR» the election of each of the nominees to the Board named herein; «FOR» the ratification of the appointment of our independent auditors; «FOR» approval, on an advisory basis, of our executive compensation as described in this Proxy Statement; and «AGAINST» each of the shareholder proposals.

In no case (except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders) will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, or (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award.

Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.

The vote count reached a remarkable level of backing for proposals opposed by management, according to Heidi Welsh, executive director at the Sustainable Investments Institute, a Maryland - based nonprofit that provides impartial analysis of social and environmental policy shareholder resolutions.

«Looking ahead, while the industry faces headwinds and an accelerating pace of change, we believe we are well positioned to deliver long - term shareholder value by leveraging innovation, our values - based culture which supports strong client relationships, and prudent capital and risk management.»

«Money being reinvested into a business is, by definition, not immediately accreting to shareholders, which we think may be a problem given high consensus earnings growth expectations,» says Castagno, adding that the companies most at risk, based on elevated expectations and likelihood of reinvestment, are those in Consumer Staples, Financials, Health Care, and Industrials.

Compared to last quarter, net income available to common shareholders increased 3 %, reflecting the combined positive impacts of 9 % higher other income and very strong loan growth, partially offset by an eight basis point reduction in net interest margin.

A: While we review plans on a case - by - case basis, plans that contain the explicit authority to reprice, exchange or buyout underwater options without shareholder approval will almost always lead us to recommend against the plan.

Tribune Publishing also announced it received a $ 70.5 million investment from Nant Capital in a deal that makes the California - based technology investment firm the company's second - largest shareholder, edging past the 4.695 million shares owned by Oaktree Capital Management, which has pushed Tribune Publishing to negotiate a sale to Gannett.

Run by a US - educated Kurdish financier, Baghdad - based Rabee Securities ran the only significant deal on the Iraq Stock Exchange last year when it listed Asiacell Telecommunications to allow majority shareholder Qatar Telecom to acquire minority interests for $ 1.3 billion.

In response to shareholder feedback, the company revamped its executive compensation program by introducing a formulaic bonus scheme (which included metrics based on TSR, production, expenses, and margins), conditioning equity awards on performance metrics (relative TSR and absolute cash flow), and reducing Mr. Nichols» salary by one - third.

In its paper, the BPP Group raises a number of concerns regarding the hard regulatory approach suggested by the Directive proposals and calls upon the European Commission, Parliament and national governments to support the proportionate, principles - based approach to service supplier oversight overwhelmingly supported by shareholders that is embodied in the Best Practice Principles for Shareholder Voting Research & Analysis, stating that «unwarranted or disproportionate legislation may inhibit the provision of independent information and services that assist investors in the exercise of the very rights and responsibilities that the Directive aims to foster and support.»

Demandware (DWRE: $ 72 / share) IPO'd in 2012 based on plans to create shareholder value by providing e-commerce platforms for retailers and brands worldwide.

Shareholders of Calgary - based construction company Aecon have voted overwhelming to approve a C$ 1.5 - billion takeover of the company by a Chinese firm.

Gannett is ramping up its efforts to acquire Tribune Publishing by going directly to shareholders, but not going so far as to initiate a hostile takeover bid for the Chicago - based publisher of the Chicago Tribune and Los Angeles Times.

«To ensure public shareholders are not disadvantaged, any takeover bid would need to be put to a shareholder vote and any recommendation by the board would have to be based on an appropriate premium as well as safeguards for future probity given past track records of the businesses controlled by the Murdoch family», said Kieran Quinn, chairman of Britain's Local Authority Pension Fund Forum (LAPFF).

Accordingly, the Shareholder generally will recognize gain or loss on the sale in an amount equal to the difference between (1) the amount realized pursuant to the sale of the Shares, and (2) the Shareholder's tax basis for the portion of its pro rata share of the Bitcoins held by the Trust at the time of sale that is attributable to the Shares sold, as determined in the manner described in the preceding paragraph.

In the case of a Shareholder that acquires its Shares as part of a creation of a Basket, the delivery of Bitcoins to the Trust in exchange for the underlying Bitcoins represented by the Shares will not be a taxable event to the Shareholder, and the Shareholder's tax basis and holding period for the Shareholder's pro rata share of the Bitcoins held by the Trust will be the same as its tax basis and holding period for the Bitcoins delivered in exchange therefor (except to the extent of any cash contributed for such Shares).

He still retains a tiny slice of the 17 per cent block of shares still owned by minority shareholders who are mainly Melbourne - based, but O'Hoy missed the cut and thrust of the fast - moving consumer goods industry even though he has a busy portfolio of other roles including as a director of the Melbourne Stars Big Bash cricket team.

The investment in Edinburgh - based Bellfield Brewery was led by the angel syndicate Equity Gap and was supported by Scottish Investment Bank, the investment arm of Scottish Enterprise and existing shareholders (many of whom supported Bellfield's original Crowdcube raise in 2015).

* The Middle Eastern presence was no doubt influenced by the fact that for many years, Bahranian - based Arcapita Bank was Caribou's major shareholder.

That means unit holders and shareholders are likely to receive more than the estimated 75 cents return on investment indicated by MG based on the Saputo deal.

The 2015 accounts were prepared on a going - concern basis on the understanding the company would continue to be supported by its shareholders, including Sydney - based private equity firm Equity Partners, Singapore - based Crescent Point and Shaw Investments, a company associated with chief executive Brendan Shaw.

«Fonterra can comfortably pursue both [higher milk prices and shareholder returns] because its milk price is rules - based and subject to oversight by a panel chaired by an independent director of Fonterra [and with a majority of its members being independent] coupled with oversight by NZ's competition regulator through a very public process,» he said.