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JPMorgan, meanwhile, wants the regulator to let it remove from its proxy an initiative to have its board explore "extraordinary transactions that could enhance stockholder value" – in other words, a breakup.
A positive side to this pragmatism is shown in her attitude towards the European Central Bank and its extraordinary transactions – which more orthodox Germans continue to brand a violation of the treaties.
In fact, the directorates general of large banking groups born from extraordinary transactions are located in social and economic contexts that are very different from those where branch offices located in geographically distant areas operate.
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But a key to any extraordinary transaction is maintaining confidentiality to avoid driving up the stock price – and perhaps triggering a bidding war.
Less common was a caveat to the standstill restrictions that permits AOL to suggest an "extraordinary transaction" with Amazon.com, as long as the talks can be kept confidential.
So why did the board vote for this extraordinary transaction?
Jay Penske, Founder and CEO of MMC remarked, ―This extraordinary transaction further enhances MMC's position as a global leader in publishing original digital content.
The Yucaipa Companies, which acquired a 22.3percentt stake in Cyrk last November through a $25 million investment, said yesterday in a filing with the Securities and Exchange Commission that it was "exploring potential opportunities" for "an extraordinary corporate transaction that may include a merger".
He surmised that one potential cause of the shortfall was the "extraordinary number of transactions during MF Global's last few days," calling it a "chaotic" period that was "extremely difficult" to "reconstruct".
The Web's extraordinary power to streamline transactions is here to stay.
"This transaction provides extraordinary value for shareholders," James.
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CEO of Professional Science Editing for Scientists @ prosciediting.com