Investor’s dropping of his bid to buy Commercial Metals is the latest in a string of shareholder rejections.
These days companies are a lot quicker to work things out with activist shareholders.
Nearly half of shareholders either abstained or voted against the reappointment of BP Safety Committee Chair Sir William Castell.
A recent SEC decision means it’s likely that JP Morgan Chase shareholders will see a proposal about investments linked to genocide in an upcoming proxy ballot.
The dividend recap deal, in which a company borrows money to pay a special one-time dividend to shareholders, is making a comeback.
Lionsgate and Carl Icahn have turned up the rhetoric and PR machines ahead of December 10, the activist hedge fund manager’s latest deadline for his $7.50 per share tender offer at the entertainment company’s December 14 annual meeting.
After Carl Icahn reported he now owns 32 percent of Lions Gate last Wednesday, the movie studio management fired off a press release declaring victory. Lions Gate should never underestimate the resolve of Carl Icahn.
With the deadline approaching this Wednesday for Carl Icahn’s sixth attempt to get Lions Gate Entertainment shareholders to accept his $7 hostile bid, both sides are now swinging wildly.
In one of the traditional rites of spring, tens of thousands of investors descended upon Omaha, Nebraska, this month to hear words of wisdom from their oracle, Berkshire Hathaway CEO Warren Buffett, at the company’s annual meeting.
Clear sign that popular social networking site is preparing for IPO.