75 per share on Wednesday, up 10 cents, as a
shareholder vote on the acquisition wais rescheduled yet again, reports the (http://dealbook.
has lost a
shareholder vote on its remuneration report, the company revealed yesterday.
Global Banking News-2 April 2009-Fortis delays
shareholder vote on BNP deal(C)2009 ENPublishing - http://www.
A Quebec court approved the
shareholder vote in late August.
Last week, the company announced that it would postpone the
shareholder vote on the merger until January 28th to allow more time to cement support for the merger vote.
The SEC requires that the results of the
shareholder vote be reported in the 10-Q following the vote.
A court in the US threw out Lord Black's motion to hold up the transaction so that it could be subjected to a
shareholder vote, clearing the way for the sale to proceed.
TELECOMWORLDWIRE-20 March 2002-HP
shareholder vote conducted - official result may take a month (C)1994-2002 M2 COMMUNICATIONS LTD http://www.
Observation: This ruling is restrictive because it adds to revenue ruling 75-406 (which places heavy emphasis on the
shareholder vote factor) the prohibition on pre-spinoff negotiations.
Transactions presumed not to restrict, nullify, or disparately reduce voting rights would include: (1) issuance of securities in an initial public offering; (2) issuance of securities in a public offering with voting rights not greater than those of any outstanding class of the issuer's common stock; and (3) issuance of securities approved by
shareholder vote pursuant to a proxy statement in a merger, acquisition, or a stock dividend transaction in which the voting rights of the securities would not be greater than those of any outstanding class of the issuer's common stock.
