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Does the man with the most shares get the seat?
The question is, what will remaining shareholders who don't redeem their shares get in this company?
Holders of ordinary AmBev shares get to swap them for Interbrew stock, probably at a generous premium.
Nasdaq rules prevent so-called dual-class recapitalizations where management is issued a high vote share class and public shareholders shares get one or no votes.
The group generally disapproved of companies with dual-class voting, in which people with a privileged category of shares get more say than the average investor.
On Tuesday, after watching its shares get pummeled again, Bank of America went on the offensive, vowing to "defend the interests of Bank of America shareholders," and hire more lawyers.
Similar(33)
Chinese shares got off to another erratic start, first diving before coming back toward flat.
"My mother" -- Virginia Zanuck -- "who controlled 300,000 shares, got involved in a proxy fight.
Tech shares got a lift from Netflix, up 4 percent at $243.40, and from Yahoo, up 2.6 percent at $27.34.
The previous owners of the shares got a price — often about $15 or $16 — and no longer have any economic interest in the shares.
Agere shares got a price cut again.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com