Sentences with phrase «trigger poison pill»

Ackman's Pershing Square Capital Management files lawsuit to ensure request to hold special shareholder meeting would not trigger poison pill takeover defense, Reuters

There's some chance that we'll find out if the lawyers are right, since Dan Loeb's Third Point Capital, which owns 9.62 percent of Sotheby's, is running a proxy fight to elect three directors and shake up management, and is the obvious target of Sotheby's 10 - percent - trigger poison pill, today filed a lawsuit to get rid of that pill.

Not exact matches

Such a provision would so sabotage the parent trigger that the California Teachers Association tried (without success) to write such a «poison pill» provision into the California law.

Examples of the lack of good corporate governance that are blatantly hostile to shareholders abound and include: (i) the retention of a staggered board, (ii) the adoption of a poison pill without shareholder approval and at the extremely low trigger of 10 %, and (iii) the refusal by the Board to allow shareholders to vote on whether our offer was sufficient.