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As a holder of shares in the corporation, the sponsor would be able to vote on the amendment.
That, of course, is a detriment to current holders of shares that were bought before the fraud was revealed.
Since he survived the last great property collapse of the Seventies this should provide some comfort to holders of shares in property companies.
Such a result would be particularly ironic because in such companies the holders of shares that are not publicly traded must approve any sale or merger.
Heavy selling last week by arbitragers and other big holders of shares in companies that were the target of takeover efforts contributed to the's market plunge.
Asamera confirmed that its board had agreed to recommend acceptance of the amended offer by its holders of shares and warrants.
Uniquely, under CBCA s 137, a beneficial holder of shares may submit a proposal, even though she is not a registered owner of shares.
In the case of joint holders of shares it is the vote of the holder named first in the register of members that will be counted, unless the company's articles say something different.
The bid is conditional on IBM receiving acceptances from holders of shares representing 66.67% of CGI voting rights - under French law, a 24% stake is a blocking minority.
A Big Holder Cuts Stake in Viacom Capital Research and Management, which was the second-largest holder of shares of Viacom behind the chairman, has been reducing its holdings.
Because NCNB proposed to exchange 1.075 shares of its stock for each share of Citizens and Southern, holders of shares of the Atlanta bank need to be convinced that NCNB profits are growing.
In most cases, if the holder of shares wishes to recover the money balance surrendered to the issues of the claim such as British Petroleum then the shares must be sold in a secondary market, i.e. a stock exchange, to some other party.
These include the requirements that all corporations hold annual stockholder meetings, that stockholders have the right to vote on changes in board membership in person or by proxy and that holders of shares are entitled to copies of the corporation's yearly financial statements.
News Corporation said its move, which it hopes to complete by the end of the year, would let holders of shares listed in Australia and holders of American depository receipts swap those securities for shares with the same voting powers in the new company.
Ms. Wachner is a major holder of shares and options to buy shares of both companies, with a 13 percent stake in Warnaco and a 12 percent stake in Authentic Fitness, where her holdings include 1.78 million shares and 1.05 million options.
For example, index arbitrage will create a substantial increase in uninformed share trading, the holders of shares (for instance, market makers) can hedge some of the risk via index futures, and index futures permit the revelation of bad news (of a general nature) by adopting a short position.
We have been retained by the board of Acquiring Client plc ('Client'), a client of KPMG [Office], to act as lead financial adviser and to make an offer on behalf of Client to the holders of shares in Target plc ('Target').