Once he reaches the 90%-mark, Weissenbacher can squeeze-out
the remaining shareholders by law.
Moreover, a tender offer in cash, as a tender offer in shares, may be followed by a withdrawal offer from the quotation, and possibly by a squeeze-out
It is clear, that the de-listing of the Company as well as the subsequent squeeze-out
of minorities is exactly what BC Partners aim to achieve.
PARIS, May 15 /PRNewswire-FirstCall/ -- AXA announces the squeeze-out
of the minority shareholders of its German subsidiary AXA Konzern AG ("AXA Konzern"), whereby it will acquire the 3.
We also take account of the upcoming increase in equity and spending on share buy-backs and squeeze-outs
The Rights Agreement is designed to assure that AeroCentury's stockholders receive equal treatment in the event of any proposed takeover of AeroCentury, and to guard against partial tender offers, squeeze-outs
and other abusive tactics to gain control of AeroCentury that could impair the Board's ability to represent stockholders' interests fully," said Neal D.
In addition, it analyzes the fairness rule and burden shifting, state anti-takeover legislation, leveraged buyouts, shareholder reliance on fairness opinions provided to the board of directors by financial advisers, squeeze-outs
, restructurings, the concept of the "level playing field," the duty of loyalty owed by directors to shareholders of a corporation, applicability of the business judgment rule when the board of directors resists a hostile bid for control, an overview of the SECs "Regulation M-A Release," and the impact of recent court decisions.
All these powers would give the board extra possibilities for squeeze-outs
We thought that the days of coercive minority squeeze-outs
and self-interested management buyouts were over.
Spencer, President and Chief Executive Officer of the Company, stated, "We believe that the adoption of the Rights Plan is in the best interest of assuring that Fidelity's stockholders receive full consideration in the event of any proposed takeover of the Company and guards against partial tender offers, squeeze-outs
, open market accumulations and other such activity.