"This legislation will give stockholders the ability to apply the emergency brakes the next time the company management appears to be heading off a cliff".
Celanese said it would support the takeover bid, which will pay stockholders 32.50 euros a share, a 15percentt premium to Celanese's closing price on Monday.
Abbott Laboratories will give stockholders one share of its Hospira hospital-products unit for every 10 Abbott shares they own when the business is spun off this month.
Kohlberg, Kravis will offer stockholders $69 a share in cash for the first 45 million shares, or 73percentt, of Safeway's 61 million shares outstanding.
Bankrupt Polaroid, whose instant film and camera sales once topped $2 billion a year, said it plans to sell nearly all its assets to a group led by Bank One for $265 million in a deal that likely will give stockholders nothing.
The drug and other product industry provides most of the money and must be convinced that this money is well spent and will satisfy stockholders.
The deal will require stockholder approval.
This "odd-couple collaboration" will "destroy stockholder value," Yahoo! screamed.
Jerry Yang: Talks about how this will maximize stockholder value.
Reynolds stockholders will exchange their shares for stock in the new company one-for-one and will control 58percentt.
