Exact(3)
And government approval is needed before a foreign shareholder may own more than 15% of the company.In this section Unwelcome lift-off Up, up and away Hot property Breaking up is hard to do The good news CEO wanted, English not required The forgotten war ReprintsSuch "golden" shares were once common in privatised industries such as water and electricity utilities.
The U.S. company is certainly not the first to be scooped up by a foreign shareholder during this period of greenback weakness.
If Glencore decides to accept a stock component from Vale in exchange for its stake, it could leave a foreign shareholder with a significant slice of Brazil's biggest miner.
Similar(57)
Russia looks cheap at 8 times earnings, but there any company and any foreign shareholder is at risk of being expropriated.
More importantly, she fails to explain how a single foreign shareholder in any way "contributes" to or "makes" a political expenditure when a corporation of which she owns a small fraction does so.
The 186-year-old chocolate maker decided to throw in the towel late last night after a large foreign shareholder joined hedge funds in indicating it would accept an improved offer from Kraft, and the prospect of a rival bid from Hershey faded.
More foreign earnings and the backing of a big foreign shareholder would make investors rate CSN more highly.
Earlier this week, a leading foreign shareholder announced the government had agreed to change the company's charter to increase scrutiny of Mr. Chubais's plan.
But no matter how attractive you find her proposed "zero-tolerance standard," under which any corporation with even a single foreign shareholder could be barred from any political activity, her proposal relies on a number of fatal legal errors.
Shares of the KT&G, a South Korean tobacco maker threatened with a hostile takeover, rose after Franklin Mutual Advisors, its largest foreign shareholder, decided to support Carl Icahn's and Warren Lichtenstein's board nominees and seek higher dividends.
Though he could call for a special election, since the company's board is up for re-election in June, foreign shareholder activists have long struggled to make meaningful changes at Japanese companies.
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