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"However," he added, "if the shareholders do not support this transaction, the corporation will not pursue it".
But based on what the union was told of Cerberus's plans, Mr. Gettelfinger said Monday that the U.A.W. was "confident enough to say that we support this transaction".
"I fully support this transaction and the Board's decision to pursue it, and will vote my shares in accordance with their recommendation on it".
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"We hope Dana's Board will act in the best interest of its shareholders, who have clearly expressed their support for this transaction".
"Valeant's offer to combine with Allergan will create substantial value for both companies' shareholders, and we look forward to giving Allergan shareholders the opportunity to speak for themselves regarding their support for this transaction".
On Friday, a Trian representative said, "Trian fully supports this transformative transaction and believes that the combination of DuPont and Dow is a great outcome for all shareholders".
Several of these shareholders have signaled that they would support the transaction if it were significantly recut.
Mr Hewlett said that he would not appeal and, more surprisingly, made a grudging undertaking to support the transaction.Vivendi Universal's boss also had a bad week.
AT&T said that shareholders representing about 29.8 percent of Leap's stock had agreed to support the transaction, which is subject to a review by regulators.
"We are not surprised that one of Compaq's largest stockholders would finally support the transaction," said Todd Glass, a spokesman for Mr. Hewlett.
If it's done well, key stakeholders are more likely to support the transaction and lend their efforts to its success.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com