Alstom has announced it has inked a deal to acquire a 51% stake in rolling stock renovation company Commuter Transport & Locomotive Engineering from Commuter Transport Engineering and Industrial Development Corp, which will remain as minority stockholders
68 percent of the shares, while minority stockholders
have only 2.
HOUSTON, June 6, 2013 /PRNewswire/ -- Crest Financial Limited, the largest of the independent minority stockholders
of Clearwire Corporation (NASDAQ: CLWR), sent a letter to Clearwire's Board of Directors criticizing Sprint Nextel Corporation's objections to DISH Network Corporation's $4.
is offering to pay Clearwire stockholders for their shares is highly inadequate, that the merger was structured in a way that unfairly disadvantages minority stockholders
and that Clearwire would be better off if it remained a stand-alone company.
The 2010 case, In re CNX Gas Corporation Shareholders Litigation, established that the Delaware courts would apply business judgment rule review in the case of a controlling stockholder tender offer, so long as certain procedural safeguards were in place to protect the minority stockholders
The dividend will be paid on 806,080 marketable shares owned by the minority stockholders
They do, however, have to be concerned about their partners and the fiduciary relationships between majority and minority stockholders
not only declined the offer, but fled a class action suit against Johnson, TCI head John Malone and other BET board members.
The prosecutors claimed there was embezzlement to the detriment of the minority stockholders
This occurs, for example, when majority stockholders squeeze out minority stockholders
through the use of a statutory merger.
Frank King, Chairman of the Special Committee of iBasis' Board of Directors, stated, "We believe that iBasis minority stockholders
are sending a clear message to KPN - that its revised $2.
55%, triggering a compulsory general offer to buy out the remaining minority stockholders
and resulting in NCB's eventual delisting.