(154.) Courts should end the uncertainty surrounding whether simple or compound interest is the correct method for compensating victorious shareholders for the time value of money and award minority shareholders
compound interest for any amount by which the appraised value exceeds the market price payout.
Shares in the mobile phone operator Orange SA resumed trading on Wednesday, but the buy-out offer made by parent group France Telecom SA to Orange's minority shareholders
In withdrawing the offer, Brookfield stated that in light of the lack of support from enough minority shareholders
, it did not wish to proceed with the transaction.
The board of Unified Energy System (UES), which includes state representatives and foreign minority shareholders
, unanimously approves the long-delayed plan to allow private shareholders to swap their stakes in UES on a pro rata basis for shares in wholesale private generating companies.
While such stock offerings can attract and create incentives for key employees, they also create a class of minority shareholders
-- persons with ownership interests but little practical power to affect corporate governance.
are provided statutory rights frequently overlooked in estate and gift tax valuations.
A group of West Bromwich Albion minority shareholders
are seeking to break away from the club's official association and form their own body, writes MICHAEL WARD.
"The proposal now goes before the minority shareholders
. If a majority of those shareholders approve the $63 buy-out proposal, the company will once again be a privately held corporation, held 65% by me and approximately 35% by Liberty Media," says Johnson.
At first blush, Alumax raises the question whether special voting rights can be given to protect the interests of a major creditor or a minority shareholder
. On closer inspection, however, Alumax should probably be viewed as involving a unique factual situation, thereby limiting the decision's effect on the types of rights commonly given to lenders or minority shareholders
Specifically, Pineau-Valencienne was charged with short-changing a pair of Schneider's Belgian units in an attempt to buy out minority shareholders
. By his own description, however, the CEO became a pawn in the supercharged, longstanding debate between France and Belgium about the cross-border power of French industry.
in a closely held corporation often are at a distinct disadvantage.
Furthermore, the United Shareholders Association, a group formed in 1986 to represent minority shareholders
in public corporations, reports that there are approximately 47 million minority shareholders
in approximately 10,000 U.S.