“Poison pills” work to thwart hostile takeovers, but they can also turn shareholders against you. How It Works Most poison-pill agreements are triggered when an outside company or individual — think Carl Icahn, for example — acquires ...
Business in brief ENERGY Chris Hohn's The Children's Investment Fund has lost about $112m in J-Power after the Japanese electricity company paid $642m to buy out the activist hedge fund's 9.9 per cent stake. Japan blocked TCI's bid to raise its stake to 20 per cent...
NEW YORK -- Insured Municipal Income Fund Inc. (NYSE: PIF) (the "Fund"), a closed-end management investment company organized as a Maryland corporation, is aware that a complaint has been filed in the Circuit Court for Baltimore City on October 23, 2008, by a small number of shareholder activists (the "Petitioners"),...
The Playmaker's Standard, LLC, todayreleased an illustrated analysis of strategies employed by ExxonMobil asthe oil giant responds to persistent criticism of its corporate andenvironmental policies, notably by skeptical environmental groups,financial analysts, hostile foreign governments, and shareholder activists. Based on The Playmaker'sTableTM , a first-of-a-kind classification framework of 25 irreduciblycomplex...
A new Research Brief from Fund Votes finds that 8 out of the 9 financial firms named in the US government bailout plan had been targeted by shareholder activists with a 'say-on-pay' resolution in 2008. A number of major mutual fund families failed to support those initiatives and actually voted...
- Proxy Seeking to Replace Five Board Directors - - Proxy Solicitation Firm to Contact Shareholders to Solicit Votes Ahead of Next Annual Shareholders' Meeting to Be Held on October 30, 2008 - NEW YORK -- Dr. H. Michael Shack, Proxy Organizer and shareholder of Artes...
Rebel shareholders in Blue Oar, the City stockbroker, are set to table a requisition to the company's management calling for an extraordinary general meeting to vote on the winding up of the company. The trio are believed to be seeking the closure of the firm so that its 16m cash...
BURBANK, CALIF. -- An investment fund here owned by members of the Disney family has sold $57.4 million of its stake in Panera Bread Co., less than a year after spending nearly $85.3 million to become the segment-leading chain's fourth-largest shareholder, the St. Louis Business Journal reported Sept. 15. ...
WALNUT CREEK, Calif. -- Although the board of Longs Drug Stores Corp. has advised its shareholders to accept the $2.5 billion ($2.9 billion including assumed debt) takeover offer from CVS Caremark Corp., questions about the value of the chain's real estate may prove a hurdle to completing the deal on...
In 1970, Milton Friedman argued strenuously that the social responsibility of business is, above all, to increase profits. In an article for The New York Times Magazine, he pointed out that without profit there are no wages paid and no enterprise with a surplus to offer anyone. Today, many business...
SAN FRANCISCO -- Yahoo's shareholders meeting -- which once looked as if it would be a proxy showdown -- is shaping up as a non-event. Now that the Internet icon has settled its dispute with activist investor Carl Icahn -- he and two supporters will be named to...
Successful stock investor who gave millions to encourage the rational exploration of spirituality John Templeton was a highly successful stock investor who, starting in 1937, made a fortune on Wall Street and by mid life had become a philanthropist noted for encouraging rational...
Shares in Yahoo soared yesterday after Microsoft said it would reconsider a takeover bid for the company if the search engine specialist's board is replaced. Microsoft and Yahoo were unable to agree takeover terms earlier this year. The billionaire US...
UBS announced the unexpected resignations of four directors yesterday as it began to overhaul its board in an attempt to restore stability. The Swiss bank, one of the biggest European casualties of the credit crunch, said the four non-executives - Stephan Haer-inger, Rolf...
SAN FRANCISCO -- Yahoo on Monday tried to rally shareholder support for its embattled board of directors and management amid a proxy battle with activist investor Carl Icahn. The Internet company, in a 32-page filing with the Securities and Exchange Commission, detailed a defense of its...
[ILLUSTRATION OMITTED] The June 25 shareholder's meeting to decide whether two activist hedge funds would scat five dissident nominees on CSX's 12-member board of directors adjourned with the results of the proxy voting "too close to call at this time," according to CSX CEO Michael Ward. The official...
UK businesses are sustaining a tyrant's regime. The arguments against sanctions are just excuses Zimbabwe's sham election has triggered yet more calls for action to be taken against the Mugabe regime. The possibility of armed intervention has been raised in serious quarters: if...
TOKYO AFP — Corporate Japan has never liked having change thrust upon it, particularly by foreign hedge funds, but activist investors are slowly making themselves heard in Asia's largest economy. A high-profile campaign by a British investment fund to try to force Japanese energy giant J-Power...
Christopher Hohn, the activist investor, failed yesterday in his attempt to force J-Power, the Japanese power group, to double the dividend it pays to shareholders such as the hedge fund he runs. Mr Hohn's The Children's Investment Fund TCI, which owns 9.9 per...
Tesco bosses will endure a welter of criticism today as they face down dissident shareholders grown increasingly concerned at the food giant's sliding stock as a good corporate citizen. With the chef turned food campaigner Hugh Fearnley-Whittingstall leading the charge, Britain's biggest retailer...
Articles 2008-06-27
<< Previous
page 1 of 1
Next >>
Premier Vendor Content
Whitepapers, webcasts & resources from our Power Center Sponsors
