Sentences with phrase «sufficient shareholder support»

Not exact matches

The company has long been accused of getting unwarranted support from governments while maintaining a management structure that's been criticized for failing to produce sufficient shareholder returns.

Rio Tinto has received binding commitments from the two major CMOC shareholders holding 69 per cent of CMOC shares to support the transaction, which is sufficient for the relevant shareholder resolutions to be passed.

On the morning of the special shareholders meeting and vote, March 28, 2008, Management and the Board decided to remove its recommendation for the merger since their was not sufficient support for such a transaction — in fact, the proxies for voting that had already been submitted overwhelmingly voted against the transaction as outlined by Management at that meeting.