"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.
As we noted, before United Technologies can acquire Diebold in an unsolicited offer, it must gain pre-approval of a Diebold's shareholders under Ohio's antitakeover control share acquisition statute.
Norman was reappointed for a further three-year term from 1 January 2013, given an annual fee of £500,000, £200,000 of which is invested in stock under ITV's share acquisition strategy for senior executives.
Investec analyst Steve Liechti said: Liberty Media share acquisition implies take-over speculation is now likely to be a key part of the investment case, even though Liberty has confirmed that it has no intention to bid (with an implied 6 month moratorium under Takeover Panel rules).
"As fans know, we signed a share acquisition agreement with GFH Capital at the end of last year," Haigh said.
Last month Qualcomm rejected a $70 per share acquisition offer from Broadcom — but the rival chipmaker isn't stepping away.
