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According to American's April proxy statement, Charney is the largest shareholder by far, with 27% of its shares; in the past he's been protected by an anti-dilution provision from losing his dominant shareholding position.
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In May, for example, Japan Telecom, one of Japan's international carriers, announced that it would take over ITJ, another one, to fend off the threat posed by the entry into international telephony of NTT, the dominant domestic telephone company.Cross-shareholdings are gradually being unwound, although on some measures they still account for just under half of all shareholdings.
News Corp gets to keep all of Sky, with its cashflow, and its dominant position in sports broadcasting – only on the condition of its shareholding in Sky News being capped at 40%.
Although it is hugely muscular in terms of shareholdings (it has nearly DM50 billion-worth of investments in German industry), Deutsche is not a dominant presence on Germany's high streets.
It will take a 21.3% shareholding.
But dominant?
OUTLOOK: Dominant.
Most dominant?
LC Dominant.
The other three dilute the government's majority shareholding.
Indeed, the whole shareholding structure of EADS looks unstable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com