FUND = The number of tradable shares held by mutual-fund institutions among the ten largest shareholders, divided by total tradable shares at the end of year t.
FUNDit is defined as the number of shares held by a mutual fund among the top-10 shareholders divided by total number of shares in firm i at the end of year t.
So many once-staid insurers and pension-fund managers are adopting similar tactics, trying to wring out juicier deals by intervening actively in company management.Against that background, the quiet word in the ear was tried at Vodafone and failed, mainly because both board and shareholders were divided.
"The shareholders are divided from the West, to the Far East, to South America and they arrange with their men how to change the outcome of football matches," he told a news conference.
Sumner Redstone, its 82-year-old controlling shareholder, will divide the group into a slow-growing company, to be called CBS Corporation, and a fast-growing one which will keep the Viacom name.
Shareholder groups remain divided over the deal.
If the suit is successful after the acquisition, the takeover bid stipulates, shareholders will divide 60percentt of any proceeds.
Some investors think it still does.Big shareholders have been divided.
The results from a March 19th vote by HP shareholders showed how divided investors are: just 51.4% wanted the merger and 48.6% opposed it.
The major part of this, the capital paid in by the common shareholders, is usually divided into two parts, one representing the par value, or stated value, of the shares, the other representing the excess over this amount.
