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An interested shareholder is a shareholder who owns 10 percent or more of the company.
The share acquisition date is the first date that the interested shareholder exceeds this amount.
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Once Mr. Schulze takes on a partner to bid for Best Buy, the partner will be deemed part of a new group of interested shareholders.
It also requires that the acquisition be approved by a majority of the shares voting at the meeting who are not interested shareholders.
Even thereafter, the acquirer can still squeeze out the minority shareholders by obtaining a 66.66 percent vote of the outstanding voting stock that is not owned by the interested stockholder.
In effect, Sears aims to sell its smaller Hometown and Outlet stores to any interested Sears shareholders.
The Dolans run Cablevision like a private company, and anyone who thinks they're interested in shareholders hasn't been paying attention".
In November 2013, GGC hosted a celebration on the property, bringing in shareholders, and those interested in becoming shareholders, to view the land and meet one another.
John Nash, president emeritus of the National Association of Corporate Directors, said, "Charles is truly interested in maximizing shareholder value, and when he takes something on he goes at it with a vengeance".
But a board interested in building shareholder confidence will want to find ways to demonstrate that it's fully ready to handle a succession, and to handle it well.
The Dillards, always an insular, stubborn clan, now seem less interested in boosting shareholder value than in retaining control they own only 10% of the company but hold 99% of class B stock, which allows them to elect two-thirds of the board.
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