«If I was
a shareholder of Target I would be terrified,» Tom Forte, managing director of Maxim Group, told CNBC in an interview.
Bill Ackman's Pershing Square has filed the presentation to be delivered to
the shareholders of Target Corporation (NYSE: TGT) at TGT's 2009 Annual Meeting of Shareholders.
The shareholders of the target company are only taxed when they sell their new shares.
If you are
a shareholder of the target company, you could be offered cash, shares or a combination of both.
(As we've previously reported, under Russian law, the target itself is usually not part of a deal, as the buyer and
shareholders of a target generally negotiate the terms of an acquisition themselves.)
Not exact matches
In a statement, Viacom lead director Salerno, among the directors
targeted for removal, called Thursday's action a «brazen and demonstrably invalid attempt» by Shari Redstone «to gain control
of Viacom and its management in disregard
of Sumner Redstone's wishes,» at odds with the board's efforts «to represent the best interests
of all
of the
shareholders of Viacom.»
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
Nedlands - based Advanced Share Registry has purchased 51 per cent
of Perth start - up Private Company Platform, which is
targeting unlisted companies with multiple
shareholders, including those pursuing crowd - sourced funding.
The ratio
of debt - to - capital excluding after - tax net unrealized investment gains included in
shareholders» equity was 23.4 %, within the Company's
target range
of 15 % to 25 %.
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.
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.
We once again thank
shareholders for their ongoing support as we move towards our
target of first production in mid-2018.»
However, BG, which also provided a short trading update on Wednesday ahead
of its own
shareholder meeting on the takeover deal next week, positively surprised investors by beating its 2015 production
target.
With the
shareholder vote coming up next week on Broadcom's slate
of directors at resistant takeover
target Qualcomm, both sides are highlighting signs
of momentum.
Business Insider has written about a lot
of this before, including the fact that Acthar, and its importance to Mallinckrodt, has become a serious concern among its
shareholders — and made the drugmaker a
target for short sellers who profit from the stock's decline.
Unfortunately, as noted in the latest issue
of Research & Insight, those
targets have little relationship to
shareholder value or free cash flow.
Recipient advisors: Norton Rose Fulbright • Proskauer Rose LLP • Bank
of America Merrill Lynch • Martinez Neira Advogados • Advokatfirmaet Thommessen AS
Target advisors: McCarthy Tétrault LLP • Torys LLP • TD Securities • Kingsdale
Shareholder Services • Equity Financial Trust • Computershare Trust Company Advisors: Osler, Hoskin & Harcourt LLP • Skadden, Arps, Slate, Meagher & Flom LLP • Brigard & Urrutia
Prepping for this inevitable future change entails getting in the habit
of communicating with
shareholders so you know well in advance who might be a
target.
MAXIMIZING
SHAREHOLDER VALUE Hosted by Royal Bank
of Canada Adena Friedman, Adena Friedman, President and CEO, Nasdaq Cathy R. Smith, Executive Vice President and CFO,
Target Moderator: Alexis Glick, Former Media Personality and Wall Street executive; CEO, GENYOUth Introduction: Patti Shugart, Managing Director and Global Head, Corporate Banking & Global Credit, RBC Capital Markets Closing: Michal Katz, Managing Director and Co-head, Technology Investment Banking, RBC Capital Markets
The courtesy call that wasn't — at least from Limb's perspective — announced that Eramet would imminently take an unflagged $ 269 million takeover bid to the
shareholders of Mineral Deposits and that it would do so from a position
of strength after acquiring rights over 13.3 per cent
of its
target.
The firm has not only been our largest
shareholder, but also a great champion, supporting a bold vision, leading our Board
of Directors as we achieved each milestone and addressed every opportunity in building a platform that redefines the
targeting of infectious disease.
US SIF Comments on DOL Field Bulletin on the fiduciary standards under ERISA relating to proxy voting and
shareholder engagement activities, and consideration
of «economically
targeted investments.»
Exxon Corp, the largest repurchaser
of shares over the past decade, has rejected
shareholder proposals that it add three - year
targets based on
shareholder return to its compensation program.
On the other hand, if the bidder is defeated by incumbent management,
target shareholders are deprived
of a substantial premium for their shares.
Most publicly traded U.S. companies reward top managers for hitting performance
targets, meant to tie the interests
of managers and
shareholders together.
On a call with
shareholders in February 2015, Lyndon delayed the timeline: The factory, he indicated, would now be built and ready for equipment by early 2016 (while that one - gigawatt production
target wouldn't be reached until the first quarter
of 2017).
A recent «innovation» about which some
of our
shareholders have asked is the «
target - date fund.»
In this year's letter to
shareholders, Buffett writes that, «Charlie [Munger] and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their «chart» patterns, the «
target» prices
of analysts or the opinions
of media pundits.
We believe these factors are critical advantages over
target - date funds and that they will help us achieve our goal
of producing competitive absolute returns over the long run for our
shareholders.
Shareholders should also be prepared for even further declines, because even after today's pullback, the price
target that MKM put on Kors implies another 20 %
of downside potential for the stock.
The approach
of targeting poor performers was met with a favourable response from the Confederation
of British Industry (CBI), which stated that «introducing a
targeted [rather than for all votes at all companies] binding vote regime would focus attention on the most concerning cases and give
shareholders the teeth to truly have the final say on top executives» pay.»
The
target of the pensioners complaint is approximately $ 2.9 billion in special dividends paid out to Sears Canada's
shareholders between 2005 and 2013 despite the company's failing business.
They emerged as the industry consolidators, using high levels
of gearing to pay mind boggling prices for assets (in 2007, APN was the
target of a bid by a private equity consortium that was blocked by a
shareholder vote at $ 6.20 per share, a decision which cost them a lot.
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.
In an effort to align manager's interests with
shareholders, CEO compensation has shifted over time from cash salary and bonus to a mix with stock and options with vesting schedules where stock and options are now 55.6 %
of the compensation1, with Earnings per Share (EPS) as one
of the
targets for vesting stock or options.
Takeover
target Godfreys has warned
of soft trading conditions as 99 - year - old major
shareholder turns the screws on a financing deal.
That's why SoftBank has recently begun to make overtures to other
shareholders to purchase some
of their positions, said sources, «making the rounds» and expanding its list
of targets to find other potential sellers.
Speculation the takeover would not be completed has been fired up by a series
of setbacks, including early concerns about capital gains tax owed to the government
of Sierra Leone by Sierra Rutile
shareholders, an extended review by German anti-trust regulators, and then last week the revelation
of «geotechnical risks» at the
target's tailings dams.
Echo Resources
targeting new gold corridor, based on recent exploration success
of major
shareholder...
Mr Clarke told Fairfax Media in an exclusive interview that he had already compiled a «hit list»
of acquisition
targets in the US, and the deals make sense whether Treasury Wine remains in the hands
of current
shareholders or is sold to private equity.
Commonwealth Bank famously received a strike against its remuneration resolution last year when
shareholders registered their displeasure about the introduction
of, and emphasis on, so - called «soft
targets».
Bitter fight for Coopers coming to a head Coopers, the South Australian brewer currently the
target of a takeover bid from Lion Nathan, has called an extraordinary general meeting where
shareholders... read more
In Warrnambool, the issue was that a dividend proposal that endeavoured to give the value
of franking credits to
target shareholders was conditional, complex and essentially unworkable,» the panel said.
Shareholders, sales
targets, and growth models should probably be eschewed in favour
of cooperatives, not - for - profits, and mindfully remaining small and local.
Mr Brabeck's focus is on profits and hitting the organic growth
target of 5 - 6 % he has promised his
shareholders, whatever the human cost.
We are making good progress in achieving our cost reduction
targets and other priorities for 2013, and are determined in our pursuit
of greater value for
shareholders.»
Raise # 2bn over the forecast period, # 630m from
targeting schemes such as the flat rate VAT scheme and use
of employee
shareholder status.
In 2005, the Spitzer campaign returned $ 24,000 in campaign donations from Gabelli because they learned his company was the
target of an SEC probe after complaints that
shareholder money wasn't being properly handled and that Gabelli was taking too much for himself in compensation.
Since last January, the Little Rock - based investment firm Stephens Group Inc., Huntingdon's largest
shareholder, has been the
target of activists, and Huntingdon's New Jersey lab has been the scene
of protests, vandalism, and, in April, a nighttime raid that «liberated» 14 beagles.
The company is the
target of two activist investors, which could help unlock value for
shareholders and has led to increased pressure for improving results at Juniper.