The
majority stockholders of Bacolod-based Vallacar Transit Inc.
Certain
majority stockholders of the company have agreed to acquire all unsubscribed shares remaining after stockholders have exercised their over-subscription privilege.
As a result, the stockholders of Achieve have become the
majority stockholders of OncoGenex.
The shares being offered are being sold by certain selling stockholders, including affiliates of Sun Capital Partners, Inc., the company's
majority stockholders.
While in many private companies there is strong alignment between the managers and the
majority stockholders, there often are also minority stockholders, who may have no voice and little influence.
On May 28, Arizona Diversified bought 60 percent of Cannon's outstanding shares, bringing a change in both
majority stockholders and in the management--conditions that allowed the extension.
The
majority stockholders of Empresas Picu announced the temporary shutdown of the poultry processing operations, citing mounting cash-flow problems, reports The San Juan Star (Feb.
When dealing with insured
majority stockholders, care must be taken to limit the corporations interest in a policy to a recovery of the premiums paid (i.e., a bare bones collateral assignment).
(YEO is composed of entrepreneurs under the age of 40 who are founders, co-founders, owners or
majority stockholders of companies grossing $1 million or more per year.) "Our organization grew 40% in 1994 and 67% in 1995," says Bright, who expects YEO to show a similar gain for 1996.
Where do ESOPs get the money to buy out
majority stockholders? The answer often is simple: An ESOP can borrow the money from a bank (or other lender).
The
majority stockholders in AdvanDx include SLS Ventures AB, Merck Global Health Innovation Fund (Merck GHI) and LD Pensions.