Takeover

ISS Recommends Eldorado Resorts Shareholders Vote FOR Proposals to Opt Out of Nevada Takeover Protections on the BLUE Card, UNITE HERE Announces

Retrieved on: 
Tuesday, June 11, 2019
Entertainment, Casino, Gaming, Travel, Lodging, Professional services, Finance, Corporations, Mergers and acquisitions, Corporate finance, Economy, Shareholders, Corporate law, Political terminology, Shareholder rights plan, Proxy statement, Proxy firm, Takeover, Shareholder

UNITE HERE announced today that proxy advisory firm Institutional Shareholder Services, Inc. (ISS) recommends that shareholders of Eldorado Resorts, Inc. [NASDAQ: ERI] vote FOR a set of five non-binding shareholder rights proposals, including opting out of Nevadas anti-takeover statutes.

Key Points: 
  • UNITE HERE announced today that proxy advisory firm Institutional Shareholder Services, Inc. (ISS) recommends that shareholders of Eldorado Resorts, Inc. [NASDAQ: ERI] vote FOR a set of five non-binding shareholder rights proposals, including opting out of Nevadas anti-takeover statutes.
  • Additional proposals encourage Eldorado not to adopt other takeover protections like a poison pill or supermajority voting requirement if it does opt out.
  • Information about the proposals is available at www.BetterGovernanceAtEldorado.org , and shareholders are encouraged to read UNITE HEREs proxy statement and solicitation materials available at www.sec.gov or www.proxyvote.com .
  • UNITE HERE is a member of the Council of Institutional Investors and an Eldorado shareholder.

User-Friendly to Push for Value Maximizing Change at Rand Capital if Shareholders Reject Flawed Take-Over by East Asset Management

Retrieved on: 
Tuesday, May 14, 2019
Professional services, Finance, Other Professional Services, Corporations, Economy, Business, Mergers and acquisitions, Corporate finance, Corporate law, Business law, Rands, Board of directors, Takeover, Shareholder

User-Friendly continues to urge Rand shareholders to vote AGAINST Rands proposed transaction with East using the WHITE proxy card at the special meeting of shareholders scheduled to take place on May 16, 2019.

Key Points: 
  • User-Friendly continues to urge Rand shareholders to vote AGAINST Rands proposed transaction with East using the WHITE proxy card at the special meeting of shareholders scheduled to take place on May 16, 2019.
  • Bruce Howard, Chief Executive Officer of User-Friendly, said, We believe the proposed transaction with East Asset Management transfers control of Rand at a substantial discount to Rands true value, exploiting Rands poor performance under its current management and board of directors.
  • We have spoken with many Rand shareholders who share our deep concern and desperately want an alternate path in order to maximize the value of their investment.
  • For this reason, we intend to push for meaningful change in Rands board of directors once shareholders have rejected this takeover by East.

Green Growth Brands Offer for Aphria Inc. Expires

Retrieved on: 
Thursday, April 25, 2019
Aphria, Tachininae, Mergers and acquisitions, Takeover, Companies, Economy

COLUMBUS, OH, April 25, 2019 /PRNewswire/ - Green Growth Brands Inc. ("Green Growth" or the "Company") (CSE: GGB) today announces that its formal offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Aphria Shares") of Aphria Inc. ("Aphria") has expired.

Key Points: 
  • COLUMBUS, OH, April 25, 2019 /PRNewswire/ - Green Growth Brands Inc. ("Green Growth" or the "Company") (CSE: GGB) today announces that its formal offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Aphria Shares") of Aphria Inc. ("Aphria") has expired.
  • The Company will not be taking up any Aphria Shares as the conditions of the Offer have not been met.
  • All Aphria Shares that have been tendered to the Offer will be promptly returned to Aphria shareholders.
  • Green Growth is a foreign private issuer and permitted to prepare the offer to purchase and takeover bid circular and related documents in accordance with Canadian disclosure requirements, which are different from those of the United States.

Mindtree Promoters Condemn, Remain Unconditionally Opposed to Reported Larsen & Toubro Takeover Bid

Retrieved on: 
Tuesday, March 19, 2019
Companies, BSE SENSEX, Economy of India, Mergers and acquisitions, Business, Mindtree, Outsourcing, Larsen, Hostile Takeover, Takeover

BANGALORE, India, March 19, 2019 /PRNewswire/ -- The promoters of Mindtree , a global technology services and Digital transformation company, today said they would unconditionally oppose the reported hostile takeover bid by Larsen & Toubro Ltd.

Key Points: 
  • BANGALORE, India, March 19, 2019 /PRNewswire/ -- The promoters of Mindtree , a global technology services and Digital transformation company, today said they would unconditionally oppose the reported hostile takeover bid by Larsen & Toubro Ltd.
  • (executive vice chairman and COO), issued the following statement:
    "The attempted hostile takeover bid of Mindtree by Larsen & Toubro is a grave threat to the unique organization we have collectively built over 20 years.
  • A hostile takeover by Larsen & Toubro, unprecedented in our industry, could undo all of the progress we've made and immensely set our organization back.
  • We believe it's in the best interests of our shareholders, Mindtree Minds, and our organization overall to continue opposing this takeover attempt.

Mindtree Promoters Condemn, Remain Unconditionally Opposed to Reported Larsen & Toubro Takeover Bid

Retrieved on: 
Tuesday, March 19, 2019
Companies, BSE SENSEX, Economy of India, Mergers and acquisitions, Business, Mindtree, Outsourcing, Larsen, Hostile Takeover, Takeover

BANGALORE, India, March 19, 2019 /PRNewswire/ -- The promoters of Mindtree , a global technology services and Digital transformation company, today said they would unconditionally oppose the reported hostile takeover bid by Larsen & Toubro Ltd.

Key Points: 
  • BANGALORE, India, March 19, 2019 /PRNewswire/ -- The promoters of Mindtree , a global technology services and Digital transformation company, today said they would unconditionally oppose the reported hostile takeover bid by Larsen & Toubro Ltd.
  • (executive vice chairman and COO), issued the following statement:
    "The attempted hostile takeover bid of Mindtree by Larsen & Toubro is a grave threat to the unique organization we have collectively built over 20 years.
  • A hostile takeover by Larsen & Toubro, unprecedented in our industry, could undo all of the progress we've made and immensely set our organization back.
  • We believe it's in the best interests of our shareholders, Mindtree Minds, and our organization overall to continue opposing this takeover attempt.

Aon announcement made under Irish regulatory requirements

Retrieved on: 
Tuesday, March 5, 2019
Service companies, Companies, Business, Aon, Mergers and acquisitions, Willis Towers Watson, Takeover, New York Stock Exchange, Lincolnshire, Illinois

LONDON, March 5, 2019 /PRNewswire/ -- Aon plc (NYSE: AON) (the "Company") notes the recent media speculation regarding Willis Towers Watson.

Key Points: 
  • LONDON, March 5, 2019 /PRNewswire/ -- Aon plc (NYSE: AON) (the "Company") notes the recent media speculation regarding Willis Towers Watson.
  • In accordance with Rule 2.4 of the Irish Takeover Rules, Aon reserves the right to vary the form and/or mix of consideration described in this announcement.
  • Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.
  • This announcement is not an announcement of a firm intention to make an offer under Rule 2.5 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013 and there can be no certainty that an offer will be made.

Aon announcement made under Irish regulatory requirements

Retrieved on: 
Tuesday, March 5, 2019
Service companies, Companies, Business, Aon, Mergers and acquisitions, Willis Towers Watson, Takeover, New York Stock Exchange, Lincolnshire, Illinois

LONDON, March 5, 2019 /PRNewswire/ -- Aon plc (NYSE: AON) (the "Company") notes the recent media speculation regarding Willis Towers Watson.

Key Points: 
  • LONDON, March 5, 2019 /PRNewswire/ -- Aon plc (NYSE: AON) (the "Company") notes the recent media speculation regarding Willis Towers Watson.
  • In accordance with Rule 2.4 of the Irish Takeover Rules, Aon reserves the right to vary the form and/or mix of consideration described in this announcement.
  • Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.
  • This announcement is not an announcement of a firm intention to make an offer under Rule 2.5 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013 and there can be no certainty that an offer will be made.

Citizens for a Pro Business Delaware Delivers Keynote Address to an Audience of Over 300 at TransPerfect's Annual Sales Conference in Nashville

Retrieved on: 
Tuesday, March 5, 2019
Mergers and acquisitions, Corporate finance, Takeover, DELAWARE, United States, Country subdivisions, Countries in North America

"Existential threats," Mr. Coffey told employees, "are threats beyond typical business competition that put successful businesses at risk, such as through government actions or hostile takeover attempts.

Key Points: 
  • "Existential threats," Mr. Coffey told employees, "are threats beyond typical business competition that put successful businesses at risk, such as through government actions or hostile takeover attempts.
  • "That is why our members have asked us to keep organizing and fighting and that's what we intend to do.
  • The public deserves to know what these documents say, and why courts are so intent on hiding them.
  • For more information on Citizens for a Pro-Business Delaware or to join the cause, visit DelawareForBusiness.org .

EchoStar Corporation: Notice to Shareholders Regarding UK Disclosure Requirements Rule 8 Announcement to Shareholders

Retrieved on: 
Thursday, June 14, 2018
Mergers and acquisitions, Economy, EchoStar, Panel on Takeovers and Mergers, Takeover, Inmarsat, City Code on Takeovers and Mergers, Finance

ENGLEWOOD, Colo., June 14, 2018 /PRNewswire/ --EchoStar Corporation ("EchoStar") (NASDAQ: SATS) wishes to direct the attention of its shareholders to certain disclosure requirements applicable in connection with the announcement made by Inmarsat plc ("Inmarsat") on 8 June 2018.

Key Points: 
  • ENGLEWOOD, Colo., June 14, 2018 /PRNewswire/ --EchoStar Corporation ("EchoStar") (NASDAQ: SATS) wishes to direct the attention of its shareholders to certain disclosure requirements applicable in connection with the announcement made by Inmarsat plc ("Inmarsat") on 8 June 2018.
  • The relevant disclosure requirements are set out in Rule 8 of the UK City Code on Takeovers and Mergers, which is published and administered by the UK Takeover Panel.
  • If any EchoStar shareholder has any questions on these disclosure requirements, the Takeover Panel's Market Surveillance Unit will be happy to answer them and should be contacted on +44 (0)20 7638 0129.
  • The content of such website is not incorporated into and does not form part of this announcement.