"Any opportunity that fund managers have to lessen the losses that they are likely to show in other parts of their portfolio might make them more willing to support a transaction".
Dell's biggest shareholder outside of Mr. Dell, Southeastern Asset Management, had told the Dell board before the proposed buyout was announced that it would not support a transaction where it could not roll over its shares and that was not in the range of $14 to $15 a share, according to a securities filing.
Press Holdings' document said it would be "willing to consider offering to acquire all of the common shares at $18 a share, provided that the board of directors of Hollinger International would be willing to support such a transaction".
"Given a slowing Canadian housing market and outlook for sluggish consumer spending, we expect Rona's results — notably top line — to remain pressured and we would therefore expect a certain level of shareholder support for a transaction, at an appropriate price," Irene Nattel of RBC Capital Markets, a unit of the Royal Bank of Canada, wrote in an investment note.
But a recent letter signed by several finance executives in support of a transaction tax pointed out that the world's trading volume has grown to 70 times the size of the global economy.
Rep. Peter DeFazio (D-Ore)., a top target of one super PAC donor, conservative hedge fund executive Robert Mercer, in both the 2010 and 2012 elections, previously told The Huffington Post that the efforts to beat him -- over his support for a transaction tax on stock trades -- scared his colleagues.
As social support is a transaction between 2 or more people, the information might be biased by individual characteristics that filter perceptions.
For these reasons we support a financial transaction tax with the widest possible global participation.
But both sides are expected to agree to increase the resources of the European Investment Bank by as much as $12.8 billion, to reallocate unused European Union structural funds for economic growth, to support a financial transaction tax and even, some suggest, to support collective bonds to finance carefully chosen public works projects.
The nonprofit organizations and unions that support a financial transaction tax should be given the philanthropic support they need to organize and fuel a national campaign to inform and animate a base of local groups demanding new revenue.
So, faced by the out-sized and increasing wealth of market speculators, the resulting and alarming growth of inequality, and proposals for still more damaging cuts in domestic programs and nonprofit funding, doesn't it make sense to support a financial transaction tax?
