Disney Shareholders Reject Major Push From Activist Investors
Disney shareholders on Wednesday voted down a bid by hedge fund Trian Partners to put two activist investors on the board to help boost the company’s stock price, according to ABC News.…
More top Pitney Bowes shareholders criticize management amid activist pressure
By Svea Herbst-Bayliss NEW YORK (Reuters) – Two more top shareholders in Pitney Bowes Inc are criticizing how management is running the shipping and mailing company, echoing activist investment firm Hestia Capital’s…
IMF shareholders deeply divided on whether to suspend surcharges on some loans
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund’s executive board on Monday discussed the surcharges it collects from mostly middle- and lower-income countries on larger loans that are not repaid…
Turquoise Hill shareholders approve Rio Tinto’s $3.3 billion buyout bid
(Reuters) -Shareholders of Canada’s Turquoise Hill on Friday voted in favour of Rio Tinto’s $3.3 billion bid to take it private and gain direct control over a giant Mongolian copper mine. Turquoise…
ALD CEO: most existing shareholders fully subscribing to capital increase
By Nick Carey LONDON (Reuters) – Most of ALD’s existing shareholders are participating in a 1.2 billion euro ($1.27 billion) capital increase launched to finance its purchase of Dutch rival LeasePlan, the…
UK watchdog tells companies to reveal more about meeting shareholders
By Huw Jones LONDON (Reuters) – Companies fail to reveal if meetings with shareholders alter their behaviour, such as in setting pay for top executives, Britain’s corporate governance regulator said on Thursday.…
Spirit Airlines shareholders vote in favor of $3.8 billion JetBlue merger
(Reuters) – Shareholders of U.S. carrier Spirit Airlines Inc on Wednesday voted in favor of JetBlue Airways Corp’s $3.8 billion takeover offer, moving the companies closer to creating the nation’s fifth-largest carrier.…
Carrier Garuda Indonesia’s shareholders approve rights issue plan
JAKARTA (Reuters) – Flag carrier Garuda Indonesia secured on Friday approval from its shareholders to launch a right issue in December to raise up to 14.3 trillion rupiah ($929.48 million), the company…
Digital World CEO urges Donald Trump to press shareholders to vote on merger extension
(Reuters) – Patrick Orlando, the head of the blank-check acquisition firm that has agreed to take Donald Trump’s social media company public, on Friday urged Donald Trump and Trump Media boss Devin…
Gazprom shareholders approve record $21 billion dividend payout
MOSCOW (Reuters) -Gazprom shareholders backed Russia’s biggest ever dividend payout totalling 1.208 trillion roubles ($21 billion) at an extraordinary general meeting (EGM) of the state-controlled gas giant on Friday. Shareholders backed an…
Zendesk shareholders vote in favor of $10.2 billion go-private deal
(Reuters) – Zendesk Inc shareholders have approved a $10.2 billion planned acquisition of the software maker by a group of private equity firms led by Hellman & Friedman and Permira, the company…
Monte dei Paschi shareholders approve seventh cash call in 14 years
MILAN (Reuters) – Shareholders in state-owned Monte dei Paschi di Siena (MPS) on Thursday approved a 2.5 billion euro ($2.5 billion) cash call. Here is a timeline of key events in the…
ABB shareholders approve Accelleron spinoff
ZURICH (Reuters) – ABB shareholders approved on Wednesday spinning off turbocharging business Accelleron, whose products increase engine output and raise efficiency while also reducing fuel consumption. ABB said in July it would…
Proxy firm ISS recommends Zendesk shareholders back $10.2 billion go-private deal
(Reuters) – Software company Zendesk Inc’s shareholders should vote for a planned acquisition by a group of private equity firms, a prominent proxy advisory firm recommended on Tuesday. Institutional Shareholder Services (ISS)…
BHP shareholders seek consistent climate policy, submit resolutions
(Reuters) – BHP Group shareholders have sought inclusion of climate sensitivity analysis in financial statements from 2023, and requested consistency on climate policy, the world’s biggest listed miner and an advocacy firm…
ISS recommends Spirit shareholders vote against Frontier offer
(Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended shareholders of Spirit Airlines Inc vote against the proposed deal with Frontier Group Holdings Inc. Spirit had said on Wednesday…
PECK: Corporate Elites Don’t Recognize Shareholders As Owners
PECK: Corporate Elites Don’t Recognize Shareholders As Owners Ethan Peck on July 11, 2022 Every American has experienced miserable customer service from our corporate overlords, but that cold shoulder is a warm…
LATAM Airlines shareholders approve reorganization plan
SANTIAGO – Shareholders of LATAM Airlines, Latin America’s largest air transport group, approved Tuesday a bankruptcy reorganization plan, following last month’s approval by the U.S. bankruptcy court for the southern district of…
Aeromexico shareholders back Mexico stock exchange exit in bankruptcy restructuring
By Kylie Madry MEXICO CITY – Aeromexico said on Tuesday that a majority of its shareholders approved a proposal to exit the main Mexican stock exchange as part of the airline’s bankruptcy…
Walgreens reaches $105 million settlement with shareholders
By Jonathan Stempel (Reuters) – Walgreens Boots Alliance Inc agreed to pay $105 million to settle a long-running class-action lawsuit accusing it of misleading shareholders about how rising generic drug prices and…
Activision shareholders vote in favor of report on abuse, harassment
(Reuters) – Activision Blizzard Inc shareholders voted in favor of a proposal on Tuesday for a report on the video game company’s efforts to prevent employee abuse, harassment and discrimination. Activision, which…
AMC shareholders vote against CEO Adam Aron’s $19 million pay package
(Reuters) – Shareholders of AMC Entertainment Holdings Inc voted against its proposed executive compensation including that of top boss Adam Aron at the company’s annual shareholder meeting, the theater chain said on…
Shareholders said corporate reforms merit millions in fees. Now they must prove it
By Alison Frankel (Reuters) – When plaintiffs lawyers in a derivative suit against Pinterest Inc board members asked for approval of their $5.4 million fee request last April, they told the judge…
Shopify shareholders give CEO 40% voting stake – source
(Reuters) – Shareholders of Shopify Inc on Tuesday voted in favor of protecting Chief Executive Officer Tobias Lutke’s 40% voting stake, a source told Reuters, citing preliminary results from the e-commerce firm’s…
Toshiba director defends board nominees from hedge fund shareholders
By Makiko Yamazaki and Yuki Nitta TOKYO – A Toshiba Corp external director on Tuesday rejected criticism that having two shareholder representatives would skew the board, as boardroom tensions at the troubled…
Leonardo shareholders reject liability action against CEO
By Giulia Segreti ROME -Shareholders in Italy’s Leonardo on Tuesday rejected a proposal by activist investor Bluebell Partners to start a liability action against the defence group’s chief executive Alessandro Profumo. “The…
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