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"In this sense, the capital increase and Qatar Holding's share acquisition were worth gold".
The share acquisition date is the first date that the interested shareholder exceeds this amount.
In addition to a constituency statute, Ohio has a control share acquisition statute, something also absent in Delaware.
It effectively disenfranchises from voting at the special meeting for purposes of the control share acquisition statute any shareholder who now acquires a block of shares constituting more than 0.5percentpercentnt of Diebold.
The judge found that Simon Property had "sufficiently pled that a group was formed and that the shares acquired by the group constituted a 'control share acquisition' within the meaning" of the law.
Judge Roberts ruled that Robert Taubman, Mr. Taubman's son and the chairman and chief executive of Taubman Centers, was in breach of the Michigan Control Share Acquisition Act by forming a blocking group without a vote of disinterested shareholders.
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The law, the Michigan Control Share Acquisitions Act, was created to protect Michigan companies from corporate raiders.
It says that Centrica's initial share acquisitions in March was made at a time of significant weakness in both the equity and energy markets.
Unfortunately, Simon's outlandish contention under the Michigan Control Share Acquisitions Act -- a law expressly designed to protect Michigan companies from an acquisition by raiders the likes of Simon -- does seem to have stuck for the moment".
In her decision yesterday, Judge Roberts said that Taubman Centers had "raised serious legal questions regarding interpretation of the Michigan Control Share Acquisitions Act," adding that the law has "yet to be clearly addressed by this circuit".
Using block share acquisitions made by private equity (PE) funds, we examine the sources of value gains in PE minority equity investments.
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settlement acquisition
equity acquisition
exchange acquisition
unit acquisition
offer acquisition
stake acquisition
split acquisition
lead acquisition
swap acquisition
volume acquisition
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provide acquisition
share share
share dessert
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