Sentences with phrase «shareholder in the company which»

EPH is an ultimate shareholder in the company which owns eustream, listed as the applicant for the pipeline.

Not exact matches

Early in 2015, he was forced to extend another $ 30 - million loan to Imperial Metals Corp., in which he is the company's largest shareholder, to help with the cleanup after a tailings dam burst at its Mount Polley mine in 2014.

Sainsbury's, a British grocery chain, will buy Asda for # 3 billion ($ 4.1 billion) in cash and a 42 % stake in the company, which will make Walmart the largest minority shareholder.

In addition to the battle for control, which has pitted Dauman against 93 - year - old controlling shareholder Sumner Redstone and his daughter Shari, the company said that advertising sales have been weak, and they are expected to be down by 4 % for the quarter.

Sugar said: «If [politicians] lie, which results in massive decisions like leaving the European Union, or gaining votes in a general election, then this should be a criminal offence as it would be in a public company if I lied to my shareholders.»

What probably will make a difference is whether the board — which last fall paid out a $ 300 million special dividend to shareholders — accepts the offer by Arthur T. Demoulas to acquire the 50.5 percent stake in the $ 4.6 billion company now controlled by his cousin Arthur S. Demoulas and other family members.

The company also issued a statement indicating it would not renew a shareholder agreement with L'Oreal, in which is has a 23 percent stake, beyond March 21 of this year.

The senators said that despite the administration downplaying his role, Icahn has disclosed to the Securities and Exchange Commission (SEC) that he was a special adviser, meaning it is important to shareholders of the companies in which he holds stakes in.

Under the proposed demerger, which is subject to regulatory approval and a shareholder vote in the first half of 2015, he said there would be benefits for both companies and all shareholders.

In response to a shareholder question about what could be done to speed up the glacial pace of adoption of electric car production by other car companies, Musk said he was «playing with doing something fairly significant on this front which would be kind of controversial with respect to Tesla's patents.»

Perth company OTOC has joined TFS Corporation in receiving shareholder approval for a name change and rebranding, which both companies say will more accurately reflect their business models.

At the meeting, Buffett, whose insurance and investing conglomerate Berkshire Hathaway (BRKA) is Coke's largest shareholder, said that he still believes in the soda company, which has struggled lately.

These findings echo those of the 1994 classic «Built to Last,» in which Jim Collins and Jerry Porras reveal that over a more than 60 - year period, purpose - guided companies earned six times more for their shareholders than their narrowly profit - focused competitors.

Washington this month imposed sanctions on billionaire Oleg Deripaska and several companies in which he is a prominent shareholder, including Rusal, in response to what the United States called Russia's «malign activities.»

But buybacks obviously have fans, like billionaire investor Carl Icahn, who wrote to Apple CEO Tim Cook in 2013: «It is our belief that a company's board has a responsibility to recognize opportunities to increase shareholder value, which includes allocating capital to execute large and well - timed buybacks.»

But when shareholders vote down a pay package, companies will often sit down with major shareholders — which in Cheniere's case includes Soroban Capital Partners and PointState Capital — and consult with them on how to change their pay practices.

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

The Slaight family is sitting tight in 28th spot after the 2011 merger of satellite radio companies Sirius Canada and XM Canada into SiriusXM, of which Allan Slaight is a major shareholder.

«Goldilocks Investment Company Ltd has filed legal action today in light of the continuing refusal by Noble Group Ltd to recognize legitimate legal rights of Goldilocks as a shareholder of Noble,» the investment fund, which holds an 8.1 percent stake in Singapore - listed Noble said in a statement.

D.E. Shaw, another hedge fund and EQT shareholder, had contended the Rice acquisition would benefit shareholders if EQT also separated its pipeline business and added independent directors with midstream experience, which the company announced in October.

«The alternative is very stark - a full insolvency process which will result in no return for shareholders of the company,» Noble said.

The tour company, which operates Transat, missed expectations in its seasonally slow first quarter as its net loss attributable to shareholders was $ 6.6 million, compared with $ 32.1 million in the prior year.

In a document released online on Tuesday, media group Vivendi - which is the top TIM shareholder - said it provided «stability and expertise» to the Italian phone company, in contrast with the «quick fixes» that Elliott would brinIn a document released online on Tuesday, media group Vivendi - which is the top TIM shareholder - said it provided «stability and expertise» to the Italian phone company, in contrast with the «quick fixes» that Elliott would brinin contrast with the «quick fixes» that Elliott would bring.

Fan also pointed out that Verizon Wireless can not invest outside of the continental U.S. due to a shareholder agreement with British telecom company Vodafone (which owns a 45 per cent stake in Verizon Wireless), and that it would be unlikely that any wireless investment by Verizon Communications Inc. would occur outside of Verizon Wireless.

You'll want to hire a securities lawyer to draft a proper shareholders agreement, which will contemplate how to operate the company after the offering, and what rights new shareholders will have in the company.

«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).»

David Geffen, the third founder of the company, ceased to be listed as a shareholder in 2012, as he didn't have more than 5 % of the company's stock — the threshold at which investors are required to disclose their stake.

Critics of the tax reform, which also cut corporate tax rates in the U.S., suggested that companies would reward their shareholders rather than investing more money into the American economy with their newly - homebound cash.

There were also bank statements, reserve estimates by an independent American geologist and historical records of dividends paid out to shareholders — which would have been improbable if, as the letter writer claimed, the company's mine in China was losing money.

Shareholders hit Buffett with questions about predatory lending practices at Berkshire - owned Clayton Homes; his partnership with 3G Capital, which is notorious for its layoffs and cost cutting; and the fact that many of his investments are in companies that produce products that are high in processed sugars, like Coke and ketchup, at a time when many are worried about obesity.

«HomeServices is on track to do only about 3 % of the country's home - brokerage business in 2018,» Buffett wrote in his most recent shareholders report, referring to HomeServices of America Inc., which controls Trident and two other mortgage companies.

However, after the company's profitable IPO, in which shareholders made millions, Sanders began to feel as though he got the short end of the stick.

Kullman didn't comment on the DuPont - Dow merger specifically, but she said that deals in which companies are put together only to be broken up — which is what is happening in the DuPont - Dow transaction — are the product of short - term thinking, and not what's best for long - term shareholders or the company.

Washington last month imposed sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including En + Group Plc and aluminium giant United Company Rusal Plc, in response to what the United States called Russia's «malign activities.»

Renault and Nissan are now discussing a transaction that would see both shareholder groups receive stock in the new company, which could be based in London or the Netherlands while retaining headquarters in Paris and Tokyo, Bloomberg reported.

The $ 6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji, drew opposition from prominent shareholders such as Darwin Deason, Xerox's largest individual shareholder, who sued in New York state court saying the deal undervalues the American copier and printing company.

He then sued the company for «Proposal 2» in Apple's proxy statement, which essentially only allows Apple to issue preferred stock with the approval of shareholders.

Venture investor and large Twitter shareholder Chris Sacca suggested other ways the company could make money last June, saying it could pursue deeper partnerships with sports leagues, and make money from so called «logged out» users — which Twitter does not get credit for in its monthly active user numbers.

Last week's offer from Tracinda, which tried to buy Chrysler in 1995 and lost out when the company merged with Daimler - Benz three years later, came a day after a DaimlerChrysler shareholders» meeting in Berlin marked by simmering tension over the automaker's future.

The plan was detailed in a note to its shareholders in which the company said it would ditch the sexy ads and «recast the brand in a positive, inclusive and socially - conscious light» in order to revive sluggish sales.

Then, Verizon completed a reverse Morris trust reorganization with FairPoint, under which the original Verizon shareholders owned a majority stake in the newly merged company, while FairPoint's original management ran the new company.

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).

For example, the expected timing and likelihood of completion of the proposed merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the possibility that Kraft shareholders may not approve the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Kraft's common stock, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Kraft and Heinz to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally, problems may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the combined company may be unable to achieve cost - cutting synergies or it may take longer than expected to achieve those synergies, and other factors.

83 % of WPX employees say they have a clear vision of the company's future, which is outlined in our CEO's latest letter to shareholders.

There are now nine stores and service centers in metropolises like Beijing, Shanghai and Shenzhen, which is already one of Tesla's highest - grossing stores worldwide, the company reported in its third - quarter 2014 shareholder letter.

The five shareholders who demanded Mr. Kalanick's resignation include some of the technology industry's most prestigious venture capital firms, which invested in Uber at an early stage of the company's life, as well as a mutual fund firm.

«You can work long, hard or smart, but at Amazon.com you can't choose two out of three,» Mr. Bezos wrote in his 1997 letter to shareholders, when the company sold only books, and which still serves as a manifesto.

Proposal details: We note how many proposals have been filed in each category, which are now pending, how many have been withdrawn for tactical or substantive reasons after negotiated agreements with companies, and the disposition of challenges to the proposals at the Securities and Exchange Commission (SEC) under its shareholder proposal rule.

3 But if you subscribe to the simple activist - shareholder model, in which activists (1) identify underperforming companies, (2) buy up those companies» (cheap) stock, (3) push the companies to improve, and then (4) reap (a portion of) the rewards of that improvement, what do you think about this development?