Sentences with phrase «shareholder rights plan»

Land & Buildings, run by Jonathan Litt, last month released letters to Macerich Chairman and Chief Executive Officer Art Coppola criticizing the company's moves to adopt a shareholder rights plan and stagger its board following the Simon bid.

In Pulse Data the ASC declined to exercise its public interest jurisdiction to cease trade a shareholder rights plan, primarily because a large majority of the shareholders of the issuer had voted to adopt the plan at a time where the take - over bid was pending with full disclosure of the implications of the shareholder rights plan.

On August 25, 2009, the Alberta Securities Commission dismissed an application by TransAlta Corporation to cease trade the shareholder rights plan of Canadian Hydro Developers Inc..

If a shareholder rights plan is triggered, additional securities are issued to all shareholders, other than the potential acquirer, for nominal consideration.

The Shareholder Rights Plan is designed to prevent additional lock - ups that, together with permitted market acquisitions, could lead to Aurora's success.

CanniMed's Shareholder Rights Plan: In order to defend against Aurora's hostile take - over bid and protect the Newstrike transaction, CanniMed's Board adopted a shareholder rights plan for CanniMed that prevented Aurora from:

Calling this thing a «Shareholder Rights Plan» is pretty galling when its effect is to take rights away from shareholders and deliver them to management.

We wrote that calling such an abomination a «Shareholder Rights Plan» was pretty galling when its effect was to take rights away from shareholders and deliver them to management.

Unfortunately, the news then took a decided turn for the worse when INFS's management adopted a poison pill, which it euphemistically described as a «Shareholder Rights Plan.»

In addition, the common and Class A common shares were part of a shareholder rights plan, also known as a «poison pill.»

At WGI's upcoming annual meeting, I would expect Jaguar and Cinnamon to vote against the confirmation of WGI's shareholder rights plan.

Looks like management is getting nervous... «InFocus Amends its Bylaws and Announces Adoption of Short - Term Shareholder Rights Plan.»

• On 13 December 2011, Rio Tinto announced that an independent arbitrator upheld Rio Tinto's claim in respect of Ivanhoe Mines» Shareholder Rights Plan.

An independent arbitrator has upheld Rio Tinto's claim in respect of Ivanhoe Mines» Shareholder Rights Plan (the «SRP»).

The transaction started out as a hostile takeover bid, with Aurora entering into a lock - up agreement with four major CanniMed shareholders.CanniMed's management retaliated by adopting a tactical shareholder rights plan, which was in turn challenged in court (and ultimately stuck down as an improper defensive tactic).

Tribune Publishing's board has adopted a shareholder rights plan to defend itself against Gannett's unsolicited bid to buy the Chicago - based newspaper company.

CanniMed board approves shareholder rights plan that prevents Aurora, which says it has 38 % of shares locked up, from buying more shares or signing new lock - up agreements

Friedland, fearing a creeping takeover, adopted a shareholder rights plan in 2010.

But with the shareholder rights plan quashed, Rio Tinto boosted its stake to 51 % earlier this year, killing the chances of a big payday.

That's a good description for the Canadian Securities Administrators» recently proposed changes to regulations on takeover bids and shareholder rights plans which, assuming they're adopted, will... Continue reading →

Numerous Canadian public companies with respect to private placements, public offerings, takeover and related - party transactions, mergers and acquisitions, trust indentures, shareholder rights plans and security - based compensation plans

Canadian shareholder rights plans come in two forms: «pre-approved plans» and «tactical plans» and the board should have given consideration to approving the appropriate plan for the company.

Shareholder rights plans also proved valuable by buying time and driving competition.

Not exact matches

And this year I plan to lift up the many businesses that have figured out that doing right by their workers ends up being good for their shareholders, their customers, and their communities, so that we can spread those best practices across America.»

Shareholders will vote on a rights plan devised by management to thwart Icahn's takeover bid in Toronto on May 4.

Because the founders currently hold majority - voting rights, the plan does not require that shareholders give their consent to the dilution of their future voting power.

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.

Although they are fiduciaries charged with protecting the shareholders» interests, the disparate voting rights plan typically will give them voting control.

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.

Baby Milk Action's Campaigns and Networking Coordinator, Mike Brady, asked the Chairman (third from right on the platform, below), Directors and shareholders to reconsider the four - point plan put to the company repeatedly since 2001, which calls on the company to bring baby food marketing policies and practices into line with World Health Assembly requirements.

As Patrick Wintour and Allegra Stratton report, he will unveil plans to give workers and company shareholders rights to curb spiralling boardroom pay as part of a Liberal Democrat - led drive to champion «responsible capitalism»

The ownership interest of current KHD shareholders who can not exercise their rights will be diluted by up to 1/3 under this rights plan (if all rights are exercised there will be 3 KHD shares outstanding for every 2 KHD shares outstanding before the rights exercise), but the company will (theoretically) get a facilitated entry into the vast infrastructure building market in China.

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.

As explained in more detail in the fund's prospectus, the fund that charges a redemption fee reserves the right to waive its early redemption fee for certain tax - advantaged retirement plans or charitable giving funds, certain fee - based or wrap programs, or in other circumstances when the fund's officers determine that such a waiver is in the best interest of the fund and its shareholders.

I get that the proposed Australian carbon tax goes half to some bumptious government programs and only half to the shareholders of CO2E, and is set at an absurdly low arbitrary level with no real plan for right - pricing this common asset, so is bound to satisfy no one.

With an Equity Incentive Plan you can specify the type of employees eligible to receive incentive stock options; the minimum price per share of stock an employee must pay if they are granted the right to purchase stock (even though the employee owns more than the maximum percentage defined in the plan); the timeframe within which stock options can be granted under the plan after its adoption or approval by shareholders; the total number of shares to be issued to employees; and the conditions and time period for the expiration of stock optiPlan you can specify the type of employees eligible to receive incentive stock options; the minimum price per share of stock an employee must pay if they are granted the right to purchase stock (even though the employee owns more than the maximum percentage defined in the plan); the timeframe within which stock options can be granted under the plan after its adoption or approval by shareholders; the total number of shares to be issued to employees; and the conditions and time period for the expiration of stock optiplan); the timeframe within which stock options can be granted under the plan after its adoption or approval by shareholders; the total number of shares to be issued to employees; and the conditions and time period for the expiration of stock optiplan after its adoption or approval by shareholders; the total number of shares to be issued to employees; and the conditions and time period for the expiration of stock options.

The adoption of this rights plan was approved by a large majority the shareholders while the bid was outstanding.

He drafts and negotiates purchase agreements, shareholders agreements, investors rights agreements, employment agreements, charter documents and option plans.

Dissent rights are also commonly given to registered shareholders by agreement or court order in plan of arrangement transactions.

Ms. Senft's background in the family environment includes domestic mediation, separation and divorce, marital property and tax liability, domestic violence, high conflict, gay and lesbian partnerships, bankruptcy, religious annulment, parental rights, grandparents» rights, adoption, cognitive - psychological - social child development, parenting plans, religious faith and doctrine on marriage, adultery, adult grief and traumatic incident reduction, loss of child, abortion, guardianship, addiction, alcoholism, estates and trusts, real estate and personal property asset division, estate planning, end of life issues, elder care decision - making, and closely held family business, shareholder disputes and every variety of partnership conflict.

The plan states that if a person or group buys more than 15 percent of the company's outstanding shares, the remaining Ramco - Gershenson shareholders will have the right to purchase additional shares with a market value of twice the purchase price paid by the original bidder.