ACA Holdings also confirmed that, since June 2004, existing institutional stockholders
had contributed approximately $28 million of new equity capital.
This investment is in addition to $28 million in new equity capital that was recently contributed by members of ACA Holdings existing institutional stockholders
Caterpillar Chairman and CEO Jim Owens outlined positive long-term growth expectations for the company during a presentation to financial analysts and institutional stockholders
26 /PRNewswire-FirstCall/ -- EnerSys , announced today that certain of its stockholders, including affiliates of Metalmark Capital LLC and certain other institutional stockholders
, have agreed to sell 5,000,000 shares of its common stock to Goldman, Sachs & Co.
We, as stockholders, and the institutional stockholders
that have contacted us are strongly opposed to Mr.
The offered shares are being sold by various stockholders of EnerSys, including affiliates of Metalmark Capital LLC and certain other institutional stockholders
Cryan to serve as an additional independent director on the Providence Board at the suggestion of one of Providence's largest institutional stockholders
Five new investors participated in the offering for approximately two-thirds of the shares, along with six of the company's current major institutional stockholders
In response to inquiries from institutional stockholders
of the Fund, the Fund also confirmed (i) that no action to change the sub-classification of the Fund under the Investment Company Act of 1940 from closed-end to open-end or to amend and restate the Fund's corporate charter will be taken prior to obtaining Brazilian approvals required to open-end the Fund, and (ii) that, irrespective of the outcome of the stockholder vote on the open-ending proposal, the Fund will hold its next annual meeting of stockholders by the end of June 2006 unless the open-ending proposal has been completed by then.
New Director Recommended by One of Company's Largest Institutional Stockholders
Although these are important considerations, the Board acknowledges the sentiment, particularly among institutional stockholders
, in favor of a one-share, one-vote system.
MacDonald closed the polls after he was alerted that the proxies of one of Mac-Gray's largest institutional stockholders
had not yet been voted at the meeting due to third-party vote processing difficulties," said Fairview portfolio manager Scott Clark, who was present at the meeting.