Sentence examples for controlling stockholders from inspiring English sources

In addition, the controlling stockholders' offer contained an appraisal condition pursuant to which the controllers could back out of the transaction if more than 10% of the minority stockholders sought appraisal.

SSA Global's current controlling stockholders are Cerberus Capital Management and General Atlantic Partners.

Finally, Justice Holland has left a lasting imprint on the law regarding tansactions involving controlling stockholders.

Similarly, in New York, transactions with controlling stockholders have generally been subject to entire fairness review.

The agreed price offered a premium to market, but was nevertheless lower than a competing offer from a third party to whom the controlling stockholders refused to sell.

Mendel involved a company entertaining an offer from controlling stockholders (who also refused to sell to a third party) and a higher offer from a third party.

Alternatively, the board should insist on and obtain the controlling stockholder's consent to these conditions before engaging with the controlling stockholder and commencing negotiations.

In controlling stockholder situations, prospective acquirers and the board both must be cognizant that this timing is quite important.

In 2018, stockholder plaintiffs persistently attacked the sufficiency of disclosures, raised novel claims that stockholder approvals were "coerced," and sought to expand the definition of controlling stockholder.

But the aggregate premium paid by the controlling stockholder will be equal to the aggregate of the premiums that would be demanded individually by the minority stockholders.

After all, a controlling stockholder usually has the chance to participate directly in the identification and selection of the board, an opportunity that dispersed stockholders almost never have.