HONG KONG - Shareholders of Citic Pacific Ltd., the Hong Kong arm of a Chinese government investment firm, approved a $1.5 billion bailout from its parent company to cover losses from bad currency...
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HONG KONG, Dec 19 - Shareholders in CITIC Pacific have cast their vote and are expected to approve a $1.5 billion plan to help the steel-to-property conglomerate recover from massive losses on...
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The bids off for RIO, according to the latest release by BHP. Citing worsening market conditions and divesting demands from the European regulators, the $US66 billion ($A104 billion) bid has been pulled sending RIO price down 37% in early London trade.
Marius Kloppers, BHP Billiton’s CEO, said:
“We have previously said that similar cultures and the overlap of key assets and
infrastructure m
Federal-Mogul Goetze (India) Ltd has informed the market that they have started sending the abridged letter of offer and composite application form for the rights issue of the Company to the shareholders whose name is available in the register before record date of november 10th 2008.
addthis_url = 'http%3A%2F%2Fwww.rupya.com%2Farchives%2F2008%2F11%2F22%2Ffederal-mogul-goetze-send-rights-is
Last week was marked by more volatility which doesn’t seem to surprise anyone. Luckily this time the direction was up as the stock market had its best week since 1974, mainly fueled by the half a percentage point interest cut by the Federal Reserve as well the smaller than expected contraction in the GDP.During those large swings up and down it is easy for investors to lose focus on the big pict
For those of you with S-Corporations, now is the time of year to look at your wage for the year-to-date as well as start the planning for 2009. A “reasonable wage” needs to be paid to more than 2% shareholders in S-Corporation, and there is still time to make changes without incurring payroll tax penalties.
This [...]
Related searches:wachovia bank, wachovia news, citigroup, wachovia merger, wachovia citigroup, Wachovia-securities,stock quote,buyout,bank failure,shareholders,sold[Source]Citigroup reached an agreement early Monday morning to acquire the banking operations of the Wachovia Corporation after making a daring bid that pulled the deeply troubled company from the brink of collapse.Citigroup will pay $1
The Delta NWA merger is one step closer to finalization now. The story is from the AP.Delta Air Lines Inc. and Northwest Airlines Corp. shareholders gave the go-ahead Thursday to a combination that would create the world's biggest carrier, deciding that in their volatile industry they like their chances better together than on their own.The stock-swap deal announced April 14 still requires Justice
Lloyds TSB buying HBOS - well, that news is already nearly 12 hours old…
The deal is worth about £12bn, but HBOS shareholders (including me) are getting 0.83 Lloyds TSB shares for each HBOS share they had. At today’s prices, this is worth about 232p per HBOS share.
Those who bought HBOS at the lowest price of [...]
What is the deal with Golden Parachutes?I sit fixated in front of my T.V. and watch as companies go bankrupt, companies appear to be on the edge of bankruptcy and the financial system creaks under the strain.I see tens of thousands of shareholders lose their investments, 401K's depleted and employees both young and old losing their jobs, retirements and potentially their futures.Executives Fiddle
GAIL shareholders approve 1 bonus share issue for 2 equity shares Authorized capital to be doubled to Rs. 2000 crore GAIL to enhance petrochemical capacity at its Pata plant Company on path to achieve Rs. 50,000 crore revenue by 2011-12 Enhancing the transmission / distribution capability, Petrochemicals and City Gas / CNG activities to be focus areas for future growth GAIL Training I
It’s been more than a year since the financial market crisis began. Over those twelve horrendous months financial stocks have been the worst sector to be invested in. Record losses, coupled with more expectations of write-offs coupled with dividend cuts that made headlines surprised many investors who logically went straight for the exits.On Friday FNM reported more than 2.3 billion in losses fo
The Fed has been testing investment banks to see what will become of their balance sheets and liquidity if the credit markets signal another hurricane watch....
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Courtenay Semel, bratty daughter of the worst Internet CEO of all time, tossed away her relationship with Johnson & Johnson baby oil heiress, Casey Johnson, for a one night non-fling with slutty pretend bi reality star, and MySpace Tom's BFF, Tila Tequila.Last week at an LA club, a soused Tila was hanging all over Courtenay.Lindsay Lohan ( who last year was introduced to the joys of vaginas b
Chipotle Mexican Grill, Inc. (NYSE: CMG) has been one of the greatest spin-off stories around in the restaurant sector this decade. McDonald's (NYSE: MCD) spun...
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Enterprises have asked shareholders to lend money, their dividends, because...
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More thoughts on litigation by shareholders of Sherwin Williams (SHW) vs The State of Rhode Island
The Court Said:
"we conclude that the state has not and cannot allege any set of facts to support its public nuisance claim that would establish that defendants interfered with a public right or that defendants were in control of the lead pigment they, or their predecessors, manufactured at the ti
It has started to look like a pattern. A financial company gets in trouble. It stocks falls. The shareholders take a haircut. Sometimes that haircut is 60% and...
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Carl Icahn has pulled a new card from the deck in his attempt to win seats on Yahoo's ( NSDQ: YHOO) board. In an open letter to Yahoo shareholders, he says he has been in talks with Microsoft CEO Steve Ballmer, and other top execs, and that he is sure Ballmer still wants a major deal with the company. But, he claims, Ballmer will not negotiate with the existing board. His reason: there is too
If ever there was a corporate version of the Titanic going down, this would it. Even as shareholders of Countrywide Corp. gathered in Calabasas to approve the sale of the company to Bank of America, the Attorney Generals of California and Illinois filed lawsuits suing Countrywide and CEO Angelo Mozilo (background) for unfair and deceptive conduct. Here's the copy of the California suit from the
Visa Inc Announces Quarterly Dividend Wednesday, 11 Jun 2008 08:09pm EDTVisa Inc announced that it has declared a quarterly dividend in the aggregate amount of $0.105 per share of Class A Common Stock (determined in the case of Class B and Class C Common Stock on an as converted basis) payable on August 29, 2008 to all holders of record of the Company's Class A, Class B and Class C Common Stock as
Viet Nam Airlines recently was licensed to sell its 10-20% stake to foreign strategic shareholders, leading to the state holding in the firm at 70-80%.
The carrier's equitisation process is under the method of keeping the state's current holding and issuing extra shares to hike chartered capital.
Currently, Viet Nam...
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So what's everyone think of the Yahoo-Google search deal? Let's start with one of Yahoo and Google's Madison Avenue advertising customers: I think its very interesting that Google thought the Yahoo partnership with Microsoft would stifle the market place, yet somehow they don't see the same thing happening in search. Anytime you don't have a true number two it stifles innovation. Right when Ya
Reliance Petroleum Limited chairman Mukesh Ambani said his team is set to create a world record by constructing the new refinery at Jamnagar in less than 36 months.
The company, a unit of country’s most-valued firm Reliance Industries, is constructing an export-oriented 29 million tonne refinery adjacent to RIL’s existing 33 million tonne refinery at Jamnagar in Gujarat. The project was
Unstopped slump of the stock market did not affect to the desire of the world's leading telecommunication groups to become strategic shareholders of Viet Nam's MobiFone-the first mobile telecom service provider making equitisation.
A source from MobiFone said that without an exact equitisation schedule, but there...
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Yahoo’s annual meeting isn’t until August 1st, but the company isn’t wasting any time in launching a campaign to keep its board from being replaced by Carl Icahn’s henchmen. The company has sent a letter to shareholders urging them to re-elect the current board of directors. Jerry Yang have-a-nice-weekend-yahoos Apr-4-2008 and Roy Bostock’s main argument: “Mr. Icahn’s only plan f
BuddyTVDavid Cook and Others Perform at Annual Wal-Mart Shareholders MeetingBuddyTV, WA - 1 hour agoDavid Archuleta fans may find this news a little bit troubling. Last week, it was reported that American Idol nixed a proposed “Thank You” concert in ...
BuddyTVDavid Cook and Others Perform at Annual Wal-Mart Shareholders MeetingBuddyTV, WA - 4 hours agoDavid Archuleta fans may find this news a little bit troubling. Last week, it was reported that American Idol nixed a proposed “Thank You” concert in ...
Idico Urban and Housing Development Investment Joint Stock Co (coded UIC) recently passed the plan to mobilise capital from the 2007 dividend payment and idle capital from shareholders.
Last year, UIC made a total revenue of 510.781 billion dong and 14.265 billion dong from pre tax profit, which is expected to be 705...
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The executives at Yahoo Inc. obviously believe in the saying ‘there are no permanent friends and no permanent enemies.’
It is well known that Yahoo! ran tests with arch rivals Google, to show AdWords advertising on Yahoo! Search. What is not so well known, however, is their opinion on the same subject.
On 30 January 2008, [...]
Yahoo has rescheduled its annual shareholders meeting to Aug 1st and reiterated its recommendation for shareholders to not vote for Icahn's proxy fight. If the vote is successful, Icahn plans to remove current CEO Yang for not accepting Microsoft's bid. Icahn stated that he believes that Microsoft no longer trusts Yang, and that the company will no longer make a new offer unless Yang and the boa
Reams have been written about the entrepreneurship of a bunch of 120 farmers, headed by Satish Magar, the brainchild behind the Magarpatta city township in Pune. Now, more than 20 km away, another group of farmers have sown the seeds of yet another success story. Together, they have pooled in their land to create a 700-acre canvas for the Nanded city township at Pune-Sinhgad road.Read More:Related
Calabasas, CA based Countrywide Financial Corp. (NYSE: CFC) stockholders will vote on June 25th at a special meeting on whether to ratify the $4 billion acquisition proposal from Charlotte, NC based Bank of America Corp. (NYSE: BAC).
The meeting will take place at 9:00 am PDT in the Learning Center Auditorium at Countrywide's corporate headquarters, located at 4500 Park Granada, Calabasas,
According to an article at CNNMoney.com, lenders which delay responding to short sale requests are costing themselves much more as homes needlessly go into foreclosure:Banks say they want to help troubled homeowners, but they are delaying deals that could save everyone - including the lenders themselves - a lot of time and money. Lenders are taking much longer than necessary to approve short sales
A majority of Bear Stearns shareholders approved a buyout of the company for about $10 per share by J.P. Morgan Chase & Co. at a brief meeting of shareholders at the Bear Stearns Headquarters in midtown Manhattan. The approval was a foregone conclusion since JP Morgan had already purchased 49.5% of Bear stock. Background on the deal midwifed by the Federal Reserve here, here and here.
While t
Anheuser-Busch (BUD) is anticipating a $46 billion buy-out offer from huge beverage company InBev. The US company's shares hit $58 on the rumor, a 52-week...
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Western Commercial Joint Stock Bank or Western Bank recently reported that last year it earned over 30 billion dong in net profit from business, growing by 202% year-on-year.
The profit has been allocated as follows: 5% for the supplementary fund of chartered capital, 10% for risk prevention fund and the remainder...
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The shareholder lawsuit against Yahoo over the board of directors’ failure to accept the buyout from Microsoft is getting more complicated by the day. According to Michael Liedtke of the Associated Press, a new motion has been filed by shareholders’ lawyer stating that Yahoo is attempting “to whitewash embarrassing documents” related to a Yahoo employee severance plan
so famed investor Nelson Peltx has taken a just over 1% stake in Starbucks (SBUX). At least there is finally someone there who makes the stock (and company) interesting..
Recently, the billionaire has bought large stakes in Wendy's (WEN), Kraft (KFT) and H.J. Heinz (HNZ) through his hedge fund. Peltz then pressured management to make changes aimed at improving profit margins and lifting stock
$30 billion hedge fund Paulson & Co. has released filings to show it owns 3.4 percent of Yahoo shares and intends to support Carl Icahn's bid to replace the company's board. Combined with Icahn's 4.3 percent share, Legg Mason fund manager Bill Miller's 5 percent share and Capital Research fund manager Gordon Crawford's 6 percent share, at least 18 percent of Yahoo's ownership now favors disp
AIG to Webcast Annual Meeting of Shareholders on Wednesday, May 14 at 11:00 A.M.
NEW YORK, May 12, 2008 (BUSINESS WIRE) — The Annual Meeting of Shareholders of
American International Group, Inc. (AIG) will be broadcast live on the Internet
at on Wednesday, May 14, 2008 at 11:00 a.m. EDT.
It should be noted that the remarks made [...]
Rupert Murdoch of News Corp (NWS) pulled his $580 million bid for large Long Island paper "Newsday" currently owned by The Tribune Company. Cablevision (CVC),...
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Yahoo shareholders may seek to oust CEO - SAN FRANCISCO
SAN FRANCISCO - YAHOO shareholders are so mad about the company’s failure to cut a deal with Microsoft that several have said they will consider a proxy fight to oust chief executive officer (CEO) Jerry Yang and the board of directors if that will bring the [...]
PetroVietnam Tourism and Technical Company (PTSC) ’s shareholders passed a business plan for 2008 at its annual shareholder meeting.
Under the plan, PTSC projects to earn a net revenue of VND6.5 trillion($406 million), an after-tax profit of VND300 billion and a dividend payment of 15% or an increase of 1 per cent...
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ArvinMeritor’s board of directors has approved a plan to spin off its Light Vehicle Systems (LVS) business to ArvinMeritor shareholders, with the Commercial Vehicle Systems (CVS) business remaining with ArvinMeritor.Read more...
Shareholders at the annual meeting of Sai Gon Telecommunication and Technologies Corporation (SaigonTel) have agreed to finance targets of VND1.6 trillion, after-tax profits of VND352.7 billion and a dividend ratio at 30%.
In addition, Saigontel will continue investment in projects such as the expanded ICT Dai...
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Microsoft Played Brilliantly, Handed Off Negotiations to Yahoo ShareholdersChad Brand submits: This Microsoft (MSFT), Yahoo (YHOO) story just can't get any more interesting. Now that MSFT has walked, what can we expect? Well, YHOO's management team look like fools, not only for misplaying their hand, but also for taking very lightly their fiduciary duty. Expect YHOO shareholders to revolt. I would not be at all surprised if YHOO is forced to do the deal, because the board really cannot say anything to shareholders that remotely convinces them that the company is worth $37 per share or more. When the market thinks you are worth about $20 and someone offers you $33, you take it. End of story.Complete Story » Link - Mon, 05 May 2008 23:43:44 GMT - Feed (1 subs) Sent
It’s only been a day since Microsoft Corp announced that it was withdrawing the proposal to acquire Yahoo! Inc, now today we see Yahoo’s Stock fall sharply, although this was expected. In the early trading today we could see Yahoo stock drop as much as 19 percent, but the current $23 is still more than [...]
Vietcombank's first shareholders' meeting was held in Hanoi on April 26 with the nomination of director board, supervision board for the term of 2008-2013, the approval on operation regulations, business orientation and plans in 2008.
Accordingly, the bank's director board includes seven members and the supervision...
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Vietcombank's shareholders voiced strong concerns about shrinking share prices in the bank's first general shareholders meeting on Saturday, putting management on the hot seat to explain the bank's shrinking assets during the first quarter of the year.
In last December's initial public offering, the average winning...
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Vietcombank, one the largest commercial bank in Viet Nam held its first General Shareholders' Meeting on April 26, 2008. For the first time the name Viet Nam Joint-stock Bank for Foreign Trade has ever appeared. The meeting marked a new stage of development for Vietnam's most hitorically rich commercial...
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Mumbai, April 22 Reliance Power has obtained shareholders’ approval for the issue of bonus shares in the ratio of 3:5. The company would issue 13.68-crore bonus shares. None will be issued to the company’s Chairman, Mr Anil Ambani, and to other promoters of the company as they waived their entitlement to bonus shares. Reliance Power in January had entered the market with an IPO of Rs 11,700 crore, which was subscribed 72 times. And on listing, though the scrip opened at Rs 95 over its issue price of Rs 450, within minutes, the share price fell below its issue price. Shortly after this, Mr Anil Ambani announced the company’s decision to issue bonus shares to its shareholders, while the promoters themselves decided to waive their entitlement to the same. The company will announce se
UPDATE: Bank Of America Shareholders Wary Of Countrywide Deal
Last Update: 4/23/2008 4:34:28 PM
(Updates with shareholders’ reaction to Lewis’s statements in favor of a
takeover, adds details of BAC’s future in mortgage lending and servicing, and of
how the shareholders voted.)
CHARLOTTE, N.C. (AP)–Beleaguered Bank of America Corp. (BAC) shareholders
pleaded Wednesday with the bank’s chief executive not to proceed [...]
Whenever you happen to be an investor in the business world, one of the worst positions that you can find yourself in is the position where you are actually hoping for a loss. The reason that this is bad should be self-evident, but what is perhaps not as obvious is that the reason you [...]
The Bank for Foreign Trade of Viet Nam (Vietcombank) recently announced that it plans to hold first shareholders' meeting this year on April 26 at the National Conference Centre in Hanoi.
The shareholders' meeting will discus on brief report on Vietcombank's equitisation process and pass the operation regulations,...
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The race of increasing chartered capital among joint stock commercial banks has raised a lot of wonders for the public when these lenders have poured billions of bank shares into the market in the context that the finance market is facing many difficulties.
Up to the end of March, the country has total 33 urban joint...
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This is a great read. I especially like the education on mining stock like Rio Tinto (RIO) and BH Billiton (BHP). Leucadia (LUK) is a great company.
Read the full letter here.
Disclosure ("none" means no position):None
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Score One for Wamu ShareholdersThe bank backs down on a controversial pay proposal, says BW's Jena McGregor Link - Tue, 15 Apr 2008 16:18:00 GMT - Feed (2 subs) Sent using SendMeRss.com. Visit here to unsubscribe from "2-business" via X2 in Google. Recommended Feeds/Actions Subscribe MSNBC.com: U.S. News
Following on from Mark’s post earlier today about the Nokia Tube, a cellphone/handheld computer that’s aiming its targets at the Apple iPhone. We had a comment early today on PR that raises an interesting question about Apple’s rule over the high-end phone market.
The reason Apple could rule this market is because the future of the [...]
The dividend paying season kicks off now. Unlike previous years’ shareholders’ meeting, where the dividends in shares were applauded, shareholders nowadays only want cash.
Re-investment plan? No!
The shareholders’ meeting of a construction company held late last week lasted an hour more than previously planned. The...
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Washington Mutual (WM) may get $5 billion in much-need capital. It is an example of how financial companies bet on subprime mortgages which cut their share...
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Shareholders of Fiditour Co have voted to approve a 2007 dividend of 16%, a full 33% higher than originally projected after Fiditour last year generated revenues of VND243 billion, 32% higher than the previous year’s figure.
Dividends over the next five years were expected to range at 18-22% against annual growth of...
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Barry Diller and John Malone went after one another in court over whether Diller could get shareholders in IAC/Interactive (IACI) to approve breaking the...
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Tuong An Vegetable Oil Joint Stock Company announces the time, venue and contents of the annual shareholders meeting.
* Time: From 8:00 April 24, 2008
* Venue: New World Hotel, 76 Le Lai Street, District 1, Ho Chi Minh City
* Contents:
o Inform of 2007 business result, 2007 financial statement and...
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Ha Long No. 1 Viglacera Joint Stock Company announces the resolution of shareholder meeting.
* Article 1: Pass business result in 2007
o Revenue: VND36.975 billion, 16.2% higher than initial projection
o Pretax profit: VND1.53 billion, 15.5% higher than initial projection
o Dividend...
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HoSE announces the record date for annual shareholders’ meeting as follows:
Name of the listed firm: Truong Thanh Furniture Corporation (TTFC)
Stock symbol: TTF
Stock type: Common stock
Par value: VND10,000
Ex-right date: April 2nd 2008
Record date: April 4th 2008
Meeting time: April 26th 2008
Venue:...
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Vietnam Petroleum Transport Joint Stock Company (VIPCO) has informed of holding an annual shareholders’ meeting as follows:
· Meeting time: 8am, April 11th 2008
· Venue: 3rd floor, Sholega Trade Center, 275 Lach Tray, Hai Phong
· Contents of the meeting:
- Report on business result and financial statement in...
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Who can forget Ralph Witworth's ill timed foray into Home Depot (HD) and the carnage that ensued for shareholders. At least Sprint (S) seems to have learned from that history and gave his demands their due course, the garbage can.
In February I begged Sprint's new CEO Dan Hesse to ignore Withworth's call to abandon the WiMax effort and spin off the long distance unit.
New out today from the Journal says Comcast (CMCSA) and Time Warner Cable (TWC) are considering providing funding for a...
Continued at Todd Sullivan's ValuePlays
The Viet Nam Securities Depository announces the record date for 2008 annual shareholders meeting of Song Da Investment - Development Joint Stock Company
* Name of the listed firm: Song Da Investment - Development Joint Stock Company
* Stock symbol: SIC
* Stock type: Common share
* Par value: VND10,000
...
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The Hanoi Securities Trading Center announces the record date for the annual shareholders meeting in 2008 of But Son Cement Joint Stock Company.
* Company name: But Son Cement Joint Stock Company
* Stock symbol: BTS
* Stock type: Common stock
* Par value: VND10,000
* Record date: April 2, 2008
*...
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Saigon Maritime Joint Stock Co. Ltd (SHC) has informed of holding annual shareholders’ meeting 2008 as follows:
Time: 13.00 pm March 28th 2008
Venue: Saigon port, 3 Nguyen Tat Thanh, Dist.4, HCMC.
Contents of the meeting:
Report of BOD and Supervisory Board on business situation in 2007
Financial report and...
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Tu Liem Urban Development Joint Stock Company (LIDECO) has informed of holding annual shareholders’ meeting as follows:
Time: 7.30 am March 29th 2008
Venue: National Conference Center, Pham Hung Street, Tu Liem, Hanoi.
Register for participation: before March 20th 2008
Tel: 04-7578606 (Ms Huong)
Fax:...
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The reality is no one knows what's going on. Neither the CEOs of the companies, the Fed, nor any of the Managing Directors know what's going to happen.
Will people be fired? Yes. But no one knows how many, who, or when, and anyone else saying otherwise is simply spreading false rumors.
Let's face it. The $236 million sale of Bear Stearns at $2 per share to JPMorgan is a sham. Senior Executives, with stakes of over $100 million even at the reduced pre-sale market price of Bear shares, saw their life savings go up in smoke. So did the former James E. Cayne, the former Chief Executive, who holds 5.8 million shares which are now valued at $28 million, considering the current market
Prudential Balanced Fund 1 (PRUBF1) has informed of annual shareholders’ meeting as follows:
Time: 13.30 pm – 17.30 pm March 28th 2008 (instead of March 15th 2008 at Hanoi and March 22nd 2008 at HCMC as informed)
Venue: Hoa Binh opera house, No.14 3/2 Street, Ward 12, Dist.10, HCMC.
Contents:
+Report on financial...
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HoSE announces the details of the record date for Annual Shareholders’ Meeting in 2008 as follows:
Name of the listed firm: Sucrerie De Bourbon Tay Ninh
Short name: SBT
Stock symbol: SBT
Stock type: Common stock
Par value: VND 10,000
Ex-right date: March 19th, 2008
Record date: March 21st, 2008
Meeting...
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Campaign to Stop Killer Coke Update
Coke Shareholders’ Meeting Mobilization — Proxies Needed!March 13, 2008 Stop Killer Coke Newsletter
Contents of This Newsletter
1. Mobilization for Coca-Cola’s Annual Shareholders Meeting
We are calling on all our supporters to mobilize for Coca-Cola’s annual shareholders’ meeting, which will be held on Wednesday, April 16th, starting at 10:30 a.m. The [...]
Scripscan:Thomas Cook (India) LtdCmp:88Target:105Return expected:20%Duration:2-3 monthsStory:Thomas Cook Group plc has announced that it is acquiring up to 74.9% of the issued share capital in Thomas Cook India and 100% of Thomas Cook branded businesses in Egypt, as well as licences for the Thomas Cook brand in a total of 15 Middle East countries. Thomas Cook is purchasing the businesses from Dubai Financial Group LLC for total cash consideration of between €208 million and €249 million.Under the terms of the TCIL transaction, Thomas Cook has agreed through its UK subsidiary to acquire at least 61.8% and up to 74.9% of TCIL's share capital. In a private transaction with DFG Thomas Cook will acquire 54.9% of this for the equivalent of Rs 107 per TCIL share. Under local stoc
Scripscan:Thomas Cook (India) Ltd
Cmp:88
Target:105
Return expected:20%
Duration:2-3 months
Story:Thomas Cook Group plc has announced that it is acquiring up to 74.9% of the issued share capital in Thomas Cook India and 100% of Thomas Cook branded businesses in Egypt, as well as licences for the Thomas Cook brand in a total of 15 Middle East countries. Thomas Cook is purchasing the businesses
Crocs made an announcement today that they do not sell Crocs branded products to Costco and they have no intentions to. The news reports have noted that other companies have sold Crocs to Costco in an indirect fashion.
It looks like the stock dipped at bit at the end of the day and here is what [...]
An Article in the Hindustan Times of February 25, 2008 highlights that by announcing a 3:5 bonus to shareholders, less the promoters, of Reliance Power, Anil Ambani has given up Rs 5000 crores of his personal wealth to them! This paying of $1.2 billion ‘from his pocket’ is ostensibly to enable shareholders of Reliance Power to make up the losses that they suffered on the listing of this most sought after stock in what has been India’s biggest IPO so far. As a result of the bonus issue, the cost of each share will come down to Rs 269 for retail investors and Rs 281 for institutional investors, a 40 and 37 percent discount respectively from the IPO price that they had initially paid. Not willing to admit that he too allowed greed to overtake the business ethics expected from
From Bloomberg.com
By Doug Alexander and Frederic Tomesco
Feb. 13 (Bloomberg) — Montreal Exchange Inc. shareholders accepted a takeover offer by TSX Group Inc., bringing the owner of Canada’s derivatives market a step closer to combining with the Toronto Stock Exchange.
Some 99.6 percent of shareholders voted in favor of the C$1.13 billion ($1.13 billion) cash and stock [...]
first off, thanks to calculated risk for bringing the letter to my attention.my initial reaction is that it’s fine for the CEO to be writing this letter and it’s at an important time the company history. many of the criticisms on calculated risk are defensible, particularly when they call into question the “awareness” of [...]
- Director Ye Tian Yun has increased his holdings in 8TELECOM INTERNATIONAL HOLDINGS CO LTD from 70.777% to 70.881% through open market purchase.
- Substantial shareholder Poh Choo Bin has increased...
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Altria's (MO) Phillip Morris USA received $1.2 billion in funds held in an escrow account under the bond stipulation in the Engle smoking and health class action in Florida today.
PM USA also said that it will immediately seek the discharge of a $100 million appeal bond in the same case.
$1.2 billion will repurchase a whole bunch of shares after the PMI spin is complete.
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- Substantial shareholder Atorka Group hf has increased its stakes in Asia Environment Hldgs Ltd from 11.63% to 12.06%.
- Substantial shareholder Deutsche Bank AG’s deemed interests in Food Empire...
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- Liberty Square Asset Management, LP has increased its stake in Banyan Tree Hldgs Ltd from 5.06% to 6.11%.
- Substantial shareholder Lexdale International Limited’s interest in Noble Grp Ltd has...
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- Substantial shareholder Atorka Group hf’s interest in Asia Environment Hldgs Ltd has increased from 4.54% to 7.36%.
- Substantial shareholder Screen Power Enterprises Ltd’s interest in C&O...
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- Substantial shareholder Chan Kern Miang’s interest in Adroit Innovations Limited has increased from 7.29 % to 11.19 %.
- Substantial shareholder To Hau Yin’s interest in ECS Holdings Limited has...
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- Substantial shareholder Screen Power Enterprises Ltd’s interest in C&O Pharm Tech Ltd has increased from 53.93% to 53.95%.
- Substantial Shareholder PT Tunggaladhi Baskara’s interest in PT...
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Pardus Capital Management, which has taken a position in Delta (DAL), is going to push a merger with United (UAUA) by taking the proposal to other...
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- Substantial Shareholder Chan Kern Miang's deemed interest in Adroit Innovations Limited increased from 2.20% to 7.29% due to Right Issue.
- Substantial Shareholder UBS AG's interest in Asia...
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AutoDesk (NASDAQ:ADSK) has posted non-GAAP EPS of $0.49 on revenues of $538 million, while First Call estimates were $0.47 EPS and $536.14 million in revenues....
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- Director Fan Kai Leung's deemed interest in Anwell Technologies Limited increased from 23.88% to 51.84% due to allotment of 694,943,890 shares to Tech Power Resources Co., Ltd., pursuant to the...
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Yesterday, shareholders of both Sirius and XM Radio approved the proposed $5 billion sale of XM Radio to Sirius. I have reported on the merger news in the past, but yesterday the shareholders voted. The proposed merger still needs the OK from the FCC and the Department of Justice. As an XM-radio subscriber, I still think it is a bad idea, but I may be in the minority on this. What are your thoughts on the proposed merger? Feel free to post a comment. See my previous posts: Satellite Radio to Offer Different Plan Options, XM+Sirius Merger Thoughts from ZDNet, Sirius and XM To Merge.