Sentences with phrase «shareholders in a takeover»

Not exact matches

Programmed Maintenance Services» $ 424 million takeover of its larger competitor Skilled Group is a step closer to fruition, after Skilled shareholders voted in favour of the scheme of arrangement today.

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

• Akzo Nobel (ENXTAM: AKZA) outlined a plan to fend off a takeover from PPG Industries (NYSE: PPG), in which it will spin off its chemical business and pay shareholders $ 1.6 billion ($ 1.7 billion) in extra dividends.

Nedlands - based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields» increased takeover offer of 8 cents per share to obtain a 30 per cent interest in the company.

Phoenix Gold has reiterated shareholders should reject a cash and scrip takeover offer from Evolution Mining, even though a rise in Evolution's share price has boosted the value of the deal.

Neon Energy chairman Alan Stein has warned the company's shareholders against taking any action towards a takeover bid it received earlier in the month.

Metals X looks set to succeed in its long - running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $ 103 million.

Over the past week, two advisory firms recommended TMX Group shareholders vote in favour of the proposed merger with the London Stock Exchange on June 30, and reject the rival takeover offer from the Maple Group.

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.

BEIJING, April 25 (Reuters)- German car maker Daimler AG's boss said on Wednesday there was no indication the firm's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $ 9 billion stake in the firm earlier this year.

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.

Shareholders attending the meeting said they were happy SoftBank had beaten Dish in the takeover battle.

Its board of directors is supporting the Loblaw takeover bid but the deal requires approval from at least two - thirds of the votes cast by QHR shareholders at a special meeting to be held in October.

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

Qualcomm is likely to make aggressive moves to keep shareholders happy in the next two quarters while the company faces a possible hostile takeover attempt from Broadcom, research firm Nomura said Tuesday.

«Though now with Broadcom's hostile takeover attempt analogous to a «gun to the head,» we expect the company to more aggressively focus on driving shareholder value in order to remain a standalone franchise.»

In September, BlackBerry received a conditional takeover offer from Fairfax Financial (TSX: FFH), BlackBerry's largest shareholder, worth $ 9 per share.

OVERLAND PARK, Kansas (Reuters)- Shareholders of Sprint Nextel Corp (S.N) voted on Tuesday in favor of a sweetened takeover offer from SoftBank Corp (9984.

Wayne is a proven senior executive and lawyer with over 25 years business experience, most recently as Executive Vice-President of Kingsdale Shareholder Service, a company involved in providing strategic consulting and other services to companies involved in takeover bids and proxy fights.

Any board of directors would have to consider a takeover offer if it appears to be one in the best interest of the company's shareholders.

Cigna believes a merger with Anthem would create a health insurance powerhouse, but the Connecticut - based insurer is still rejecting a $ 53.8 billion takeover bid from its larger rival, saying the offer is not in the best interest of shareholders.

As manager of the firm's Corporate Governance Consulting Group with over 30 years of experience in the field, Bill has guided companies through a wide range of governance and takeover challenges, including contentious shareholder proposals and compensation - based initiatives, proxy contests, tender offers, and other corporate control matters.

But it's certain that if Tim Hortons had not entertained Burger King's offer, Ackman, an activist investor famous for his pitched battles with companies — whose stake in Burger King has already earned him an additional US$ 200 million on the takeover news — would have sparked an ugly shareholder battle over Tim's.

There are countless ways to look at the implications of Amazon's proposed $ 13.7 billion takeover of Whole Foods, that it's the latest salvo in the battle between Amazon and Walmart to be the one place where everyone shops for everything, that it's a disruption to the supply chain model in the grocery business, or that it's nothing more than a marriage of convenience to save Whole Foods from the ire of its activist shareholders.

The consideration offered to the outstanding minority shareholders whose shares are compulsorily acquired under the U.K. Companies Act 2006 must, in general, be the same as the consideration that was available under the takeover offer.

The agency suggested in a letter that the proposed hostile takeover bid could pose a national security threat to the US, and ordered the target company to postpone its annual shareholder meeting.

If the merger or takeover will benefit the company in question, shareholders are tempted to buy more stock certificates as a personal investment.

Soon - Shiong's Nant Capital, a California - based technology firm, became Tronc's second - largest shareholder in June 2016 and that investment helped Tronc fend off a hostile takeover bid from Gannett, whose last offer was $ 864 million for the company.

Soon - Shiong's Nant Capital, a Culver City technology firm, became Tronc's second - largest shareholder in June 2016, and that investment helped Tronc fend off a hostile takeover bid from Gannett, whose last offer was $ 864 million for the company.

Bob Iger became Disney's CEO in 2005, following a rough five years for the company that included a hostile takeover attempt, a shareholder revolt, and...

The second - largest corporate acquisition in history produced the biggest single return ever recorded in such a takeover — $ 84 billion to Vodafone shareholders — when Verizon acquired the US assets of UK - based Vodafone.

A problematic contract lost the company $ 29m, a new CEO came on board in October, an opportunistic takeover by CIMIC was rebuked, and a new Indonesian contract resulted in a new top shareholder.

Still, the takeover sends a message to directors of other companies that their jobs are in jeopardy if they lose sight of their commitment to shareholders, said B. Espen Eckbo, the founding director of the Center for Corporate Governance at the Tuck School of Business at Dartmouth College.

Takeover target Godfreys has warned of soft trading over the past few weeks, which would have caused it to technically breach a covenant, it has already received a waiver from, in a lending agreement with the 99 - year - old major shareholder who launched a cash bid for the company two weeks ago.

Back in December, shareholders in Aecon Group Inc. voted to approve a $ 1.5 - billion takeover of the Canadian construction company by a Chinese state - owned CCCC International Holding Ltd..

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).

Perrigo spent nearly $ 87 million to fight off the takeover and claimed the deal was not in the best interests of its shareholders.

«The board felt it was important for shareholders to understand that while we are engaging in these takeover offer discussions, should they not materialise we want people to realise that we are still focused on doing bolt - on acquisitions to deliver on our strategic road map which is to further accelerate our growth in luxury and masstige wines.»

«In the discussions we have had with our shareholders, and I'm talking about the top 10 to top 15 shareholders which is in excess of 50 per cent of our register, and we've talked to them a number of times now because of all the different takeover bidIn the discussions we have had with our shareholders, and I'm talking about the top 10 to top 15 shareholders which is in excess of 50 per cent of our register, and we've talked to them a number of times now because of all the different takeover bidin excess of 50 per cent of our register, and we've talked to them a number of times now because of all the different takeover bids.

A New Zealand entrepreneur, the main shareholder in Australian food ingredients firm Burns Philp, announced a takeover bid on Friday for dairy products company New Zealand Dairy Foods.

Treasury Wine's annual meeting is usually held in late October but was rescheduled months ago on the expectation it would coincide with a shareholder vote on one of the two private equity takeover proposals the company had received.

Bayer & Monsanto - Keep Your Fingers Off Our Food!High - level panel discussion with international guests, 27 April, University of CologneOn the evening before BAYER's Annual Shareholders» Meeting, 28 April in Bonn, a panel discussion on the planned takeover of Monsanto by the BAYER Group will take place in the tradition of an American Townhall... more

In a letter to both ASIC and the Takeovers Panel, dairy farmer and WCB shareholder John Howard called for a review of the directors» behaviour.

Saputo, which owns 16.9 per cent of WCB, was compelled to change its offer this week after the Takeovers Panel ruled it had misled shareholders in relation to the franking value of two WCB dividends under a previous offer.

Iconic brands White Wings, Wonder White and MeadowLea could become consumer staples in Asia if Goodman Fielder and its shareholders convince $ 18 billion Singapore - based oils trader Wilmar International and Hong Kong investor First Pacific to sweeten a $ 1.8 billion takeover proposal.

The Takeovers Panel said that Murray Goulburn submits that the WCB board should advise shareholders to wait until the bid is in its final stages or bidders have declared their bids final.

Warrnambool Cheese & Butter chief executive David Lord has called on shareholders to accept Canadian giant Saputo's $ 500 million - plus takeover offer as WCB gets set to formally reject Murray Goulburn's rival bid in its target's statement.

A rush of takeovers of Australian mining resources by their Chinese shareholders is being driven by a change in political leadership and a desire to take control of strategic assets.

I don't believe we will bring anyone in, in the January transfer window, because Kroenke is stockpiling Arsenal funds to use them as collateral for his LA Rams move, and possibly for a takeover bid of the other Arsenal shareholders, following in those esteemed Glazer footsteps.